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      Question

      Consider the following statement/s about a banking

      institution: Statement : 1. State Bank of India (SBI) is the largest bank in India by assets. Statement : 2. Punjab National Bank (PNB) is a subsidiary of State Bank of India (SBI). Statement : 3. Reserve Bank of India (RBI) is the regulatory authority for banking in India. Which of the above statements is/are not correct?
      A 1 only Correct Answer Incorrect Answer
      B 2 only Correct Answer Incorrect Answer
      C 3 only Correct Answer Incorrect Answer
      D 1 and 2 both Correct Answer Incorrect Answer
      E 2 and 3 both Correct Answer Incorrect Answer

      Solution

      State Bank of India (SBI) is indeed the largest bank in India by assets. However, Punjab National Bank (PNB) is not a subsidiary of SBI; both are separate entities in the Indian banking sector.

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