BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Kerala
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Tamil Nadu
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Orissa
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Bihar
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Detailed explanation-1: -India’s First Islamic bank with active involvement of the Kerala government may open in 2010 at Kochi in Kerala.
Detailed explanation-2: -The first Islamic non banking financial services company in the country – Cheraman Financial Services Limited – was also opened in Kerala in 2013, when the United Democratic Front was in power. Finance Minister and CPI (M) leader Thomas Isaac is also a known advocate of the interest-free banking system.
Detailed explanation-3: -India joins the Muslim world with the launching of Islamic bank in Bangalore.
Detailed explanation-4: -The Mit-Ghamr Savings Bank, established in 1963 in Egypt, is commonly referred to as the first example of Islamic banking in the modern world.
Detailed explanation-5: -India has 14 percent Muslims population which is more than the Muslim population of Bangladesh, turkey, Egypt, Iran, Nigeria, Afghanistan, Sudan, Iraq, Saudi Arabia etc But there is no any full fledged Islamic bank currently working in this country.