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Question

Which of the following banks was established as a private sector bank in India?

1)    Axis Bank

2)    IDBI Bank

3)    Oriental Bank of Commerce

4)    Vijaya Bank

A 1 and 4 only Correct Answer Incorrect Answer
B 1, 2, and 4 only Correct Answer Incorrect Answer
C 2 and 3 only Correct Answer Incorrect Answer
D 1, 2, 3, and 4 Correct Answer Incorrect Answer
E 1, 3 and 4 only Correct Answer Incorrect Answer

Solution

Axis Bank and Vijaya Bank were established as private sector banks in India. IDBI Bank was established as a development finance institution and later became a public sector bank. Oriental Bank of Commerce was established as a regional rural bank and was later nationalized.

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