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Banks in India are categorized a Public Sector and Private Sector Banks. Which of the following types of banks are called Public Sector Banks?
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- Those in which Government of India has a controlling stake
- Those which are giving services to poor sections of society like those living below poverty line, in remote areas or in different areas
- Those who are governed and regulated by the Reserve Bank of India only. Finance Ministry does not have any control over them
- Only those banks are called public sector whose shares are traded in Stock Markets. Others are private banks
Correct Option: A
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