Question

In $1955$, Imperial Bank of India, a leading commercial bank of that time, was nationalized and renamed as _____________.

• A. Central Bank of India
• B. Bank of India
• C. Indian Bank
• D. State Bank of India

Answer 1

The correct option is D State Bank of India

First of all Imperial Bank of India was taken over by the Government of India on July $1$, $1955$ and was named as State Bank of India. Along with it eight other (at present seven) were converted as it associate banks and they formed State Bank Group.
$1$. The State Bank of Bikaner and Jaipur. (Earlier Bikaner and Jaipur were separate banks)
$2$. The State Bank of Hyderabad
$3$. The State Bank of Indore
$4$. The State Bank of Mysore
$5$. The State Bank of Saurastra
$6$. The State Bank of Patiala
$7$. The State Bank of Travancore.