Q1. Which of the following banks was originally named the Imperial Bank of India?
A Central Bank of India
B Reserve Bank of India
C State Bank of India Correct
D Punjab National Bank
Explanation
The Imperial Bank of India was formed in 1921 by merging the Presidency Banks and was later transformed into the State Bank of India in 1955. Central Bank of India and Punjab National Bank are separate commercial banks with their own histories and were not renamed from the Imperial Bank of India. The Reserve Bank of India is India's central bank, established under the Reserve Bank of India Act, 1934, and has a different role from a commercial bank. The institution linked directly to the Imperial Bank name is the State Bank of India.