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Banking Exams Exam  >  Banking Exams Questions  >  Which two banks recently announced a merger t... Start Learning for Free
Which two banks recently announced a merger to form one of the largest banking entities in their country?
  • a)
    Bank A and Bank B
  • b)
    Bank X and Bank Y
  • c)
    Bank M and Bank N
  • d)
    Bank S and Bank T
  • e)
    None of the above
Correct answer is option 'B'. Can you explain this answer?
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Which two banks recently announced a merger to form one of the largest...
Bank X and Bank Y recently announced a merger to form one of the largest banking entities in their country. It's crucial to stay updated with the latest news and developments in the banking sector to know the specific banks involved and the impact of the merger.
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Read the following passage carefully and answer the questions given below it. Certain words/phrases have been given in bold to help you to locate them while answering some questions.Despite the economic crunch worldwide that saw pulverisation of some of the largest banking and finance giants, Indian banking houses have managed to show positive growth this quarter. Some of India's leading national banks have posted a net profit rise of more than 40% over the last quarter amid global turmoil. This would come as a big shot in the arm for the investors and consumers of these banks even though apprehension is mounting on other banking and broking firms worldwide. One of the main reasons behind the success of these banks this quarter would be their direct backing by the Government of India. People take solace in their investments in the public sector watching the bailout packages being cashed out by governments all over the world to save big business houses.Other private banks in India have also reported a substantial net profit over the last quarter. Given the international and domestic scenario, one cannot put this down as a mundane achievement. While others are on a cost-cutting spree and firing employees, Indian Companies are actually working on boosting staffing in the banking and broking sectors. This can be seen as a big boon in the days to come when the current recession eases and the economy gradually comes back on to the fast track. The finance minister has assured the Indian public about the sound health of all Indian banks. This could also be evident from the fact that there have been no mergers and takeovers in the Indian Banking sector in a contrast to the world scenario where finance houses are looking for mergers to cut costs on operations. We definitely are not looking to thrive; rather we are looking for growth. It is just that the pace of growth is a little slow now as compared to a year or two before. These are hard times to test the hard. The weak in business and career will be weeded out and It is sometimes very beneficial for business in the long run.Q. What, according to the author, will be a big boon in the days to come?

Read the following passage carefully and answer the questions given below it. Certain words/phrases have been given in bold to help you to locate them while answering some questions.Despite the economic crunch worldwide that saw pulverisation of some of the largest banking and finance giants, Indian banking houses have managed to show positive growth this quarter. Some of India's leading national banks have posted a net profit rise of more than 40% over the last quarter amid global turmoil. This would come as a big shot in the arm for the investors and consumers of these banks even though apprehension is mounting on other banking and broking firms worldwide. One of the main reasons behind the success of these banks this quarter would be their direct backing by the Government of India. People take solace in their investments in the public sector watching the bailout packages being cashed out by governments all over the world to save big business houses.Other private banks in India have also reported a substantial net profit over the last quarter. Given the international and domestic scenario, one cannot put this down as a mundane achievement. While others are on a cost-cutting spree and firing employees, Indian Companies are actually working on boosting staffing in the banking and broking sectors. This can be seen as a big boon in the days to come when the current recession eases and the economy gradually comes back on to the fast track. The finance minister has assured the Indian public about the sound health of all Indian banks. This could also be evident from the fact that there have been no mergers and takeovers in the Indian Banking sector in a contrast to the world scenario where finance houses are looking for mergers to cut costs on operations. We definitely are not looking to thrive; rather we are looking for growth. It is just that the pace of growth is a little slow now as compared to a year or two before. These are hard times to test the hard. The weak in business and career will be weeded out and It is sometimes very beneficial for business in the long run.Q. Which of the following statements is definitely true in the context of the passage?(

Read the following passage carefully and answer the questions given below it. Certain words/phrases have been given in bold to help you to locate them while answering some questions.Despite the economic crunch worldwide that saw pulverisation of some of the largest banking and finance giants, Indian banking houses have managed to show positive growth this quarter. Some of India's leading national banks have posted a net profit rise of more than 40% over the last quarter amid global turmoil. This would come as a big shot in the arm for the investors and consumers of these banks even though apprehension is mounting on other banking and broking firms worldwide. One of the main reasons behind the success of these banks this quarter would be their direct backing by the Government of India. People take solace in their investments in the public sector watching the bailout packages being cashed out by governments all over the world to save big business houses.Other private banks in India have also reported a substantial net profit over the last quarter. Given the international and domestic scenario, one cannot put this down as a mundane achievement. While others are on a cost-cutting spree and firing employees, Indian Companies are actually working on boosting staffing in the banking and broking sectors. This can be seen as a big boon in the days to come when the current recession eases and the economy gradually comes back on to the fast track. The finance minister has assured the Indian public about the sound health of all Indian banks. This could also be evident from the fact that there have been no mergers and takeovers in the Indian Banking sector in a contrast to the world scenario where finance houses are looking for mergers to cut costs on operations. We definitely are not looking to thrive; rather we are looking for growth. It is just that the pace of growth is a little slow now as compared to a year or two before. These are hard times to test the hard. The weak in business and career will be weeded out and It is sometimes very beneficial for business in the long run.Q. What does the phrase 'shot in the arm', as used in the passage, mean?

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Which two banks recently announced a merger to form one of the largest banking entities in their country?a)Bank A and Bank Bb)Bank X and Bank Yc)Bank M and Bank Nd)Bank S and Bank Te)None of the aboveCorrect answer is option 'B'. Can you explain this answer?
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