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Imperial Bank of India was nationalised in _______.

  • A.1949
  • B.1955
  • C.1959
  • D.1969

Answer: B

Correct answer: 1955

The Imperial Bank of India was nationalised in 1955 and renamed the State Bank of India, on the recommendation of the All India Rural Credit Survey. The object was to extend banking into the countryside, which the Imperial Bank, as a commercial institution, had not done.

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