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Economics
Banking Question Answers
The subsidiary banks attached to the State Bank are:
The subsidiary banks attached to the State Bank are:
(i) State Bank of Bikaner and Jaipur (ii) State Bank of Hyderabad (iii) State Bank of Indore
(iv) State Bank of Mysore (v) State Bank of Patiala (vi) State Bank of Saurashtra
(vii) State Bank of Travancore
( only (i) , (v), and (vi)
( only (ii), (iii), (iv), and (vii)
( All the above
( None of the above
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Deposits mobilised by the banks are utilised for. (i) loans and advances(ii) investment in government and other approved securities in fulfilment of liquidity stipulation(iii) investment in commercial paper, shares, debentures up to stipulated ceilings(a) only (i)(b) both (ii) and (iii)(c) All the above(d) None of the aboveView Answer / Hide AnswerANSWER: (c) All the above Deposits mobilised by the banks are utilised for loans and advances, investment in government and other approved securities in fulfilment of liquidity stipulation, and investment in commercial papers, shares, debentures up to stipulated ceilings. After the nationalisation of major commercial banks in the country, there has been marked expansion in their business, both with regard to the bank deposits as well as the bank credit. The accretion of deposits was primarily on account of time deposits which increased substantially despite the downward movement of the interest rates and reflected the “safe haven†sentiment.
When did the nationalisation of major banks happen?
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