MOST USEFUL BANKING QUESTIONS FOR IBPS INTERVIEW AND WRITTEN

1.       How can we define a bank?

A bank can be defined as a financial institution which accepts deposits from the public and gives loans.

2.       How many nationalized banks there in India? How many PSU banks are there in India?

No. of Nationalized Banks: 19

No. of PSU (Public Sector Undertaking) Banks: 27

3.       What are Nationalized Banks?

Nationalized banks are the banks which were nationalized by government of India in two phases:

1969: Total 14 banks were nationalized

1980: Total 6 banks were nationalized

That makes a total of 20 nationalized banks but later in 1993 New Bank of India was acquired by Punjab National Bank. Therefore there are 19 banks which were in private hands earlier but later nationalized. SBI and its five associate banks are not called nationalized banks. Neither is IDBI called a nationalized bank.

4.       What is nationalization?

Nationalization is the process in which the assets of private entity are transferred into government hands. This process can usually be by one of the following ways: Confiscation and Expropriation explained as:

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