Consider the following: 1. Global Trust Bank has been amalgamated with the Punjab National Bank.
- A1 only
- B2 only
- CBoth 1 and 2
- DNeither 1 nor 2Correct
Explanation
The statement is incorrect because Global Trust Bank was amalgamated with the Oriental Bank of Commerce, not the Punjab National Bank. This merger took place in 2004 following a crisis at Global Trust Bank. Although Oriental Bank of Commerce itself was later merged into Punjab National Bank in 2020, the original historical amalgamation of Global Trust Bank was specifically with Oriental Bank of Commerce. Therefore, option D is correct as the statement provided is false.
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