BANKING GENERAL KNOWLEDGE
Question
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At which place, East India Company established its first presidency bank?
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Madras
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Calcutta
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Bombay
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Surat
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Explanation:
Detailed explanation-1: -At which place, East India Company established its first presidency bank? Notes: Bank of Calcutta was established in 1806; it was renamed in 1809 as Bank of Bengal. On 15 April 1840, Bank of Bombay established.
Detailed explanation-2: -The bank was established in 1824 by the British agency house of Palmer and Company. The bank played a major role in the early economic history of East Bengal and Bangladesh.
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