Correct option is D
| Bank |
Correct Match & Year |
Reasoning and Historical Facts |
| (I) ICICI Bank Ltd. |
(D) 1994 |
The Industrial Credit and Investment Corporation of India (ICICI) was incorporated in 1955. However, ICICI Bank Ltd., the commercial banking arm, was established as a separate legal entity much later, in 1994. The question specifically asks for "ICICI Bank Ltd.", making 1994 the correct year of its inception. |
| (II) Axis Bank Ltd. |
(C) 2009 |
This bank was originally established as UTI Bank in 1994. It was renamed Axis Bank in 2009 to reflect its new brand identity. The question lists "Axis Bank Ltd.", so the year of its rebranding and incorporation under that name is 2009. |
| (III) Punjab National Bank |
(B) 1894 |
Punjab National Bank (PNB) is one of India's oldest and most prominent nationalised banks. It was founded in 1894 in Lahore (undivided India). This makes it the first bank to have been started solely with Indian capital. |
| (IV) State Bank of India |
(A) 1955 |
The State Bank of India (SBI) traces its ancestry back to the Bank of Calcutta, established in 1806. However, it became the State Bank of India after the nationalization and amalgamation of the Imperial Bank of India through the State Bank of India Act in 1955. |
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150 Questions
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