Question

Q.1 Which of the following public sector banks has the largest number of branches in foreign countries?

(A) Bank of India

(B) Bank of Baroda

(C) Punjab National Bank

(D) Corporation Bank

Answer 1

Concept Introduction:

The Ministry of Finance of the Government of India or a State Ministry of Finance from one or more Indian State Governments owns the majority of the shares in Public Sector Banks, a significant category of government-owned banks. These banks have stock exchange listings for their shares.

Explanation:

We have been given a multiple-choice question.

We have to find out the correct option.

Any public sector bank's main responsibility is to mobilize the assets and capital accumulated through various deposit and scheme schemes for varying time periods and lend them to its own clients at higher interest rates in order to increase revenue from the money.

Final Answer:

Bank of Baroda has the largest number of branches in foreign countries.

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