BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The oldest Central Bank in the world is the____
A
Reserve Bank of India
B
Bank of England
C
U S Federal Reserve
D
State Bank of India
Explanation: 

Detailed explanation-1: -The Riksbank is thus the world’s oldest central bank. Here you can read about the history of the Riksbank.

Detailed explanation-2: -A family business since 1672 C. Hoare & Co. is the UK’s oldest privately-owned bank, owned continuously by the Hoare family for 12 generations.

Detailed explanation-3: -1) Sweden (Sveriges Riksbank): Founded in 1668, the Bank of Sweden or “Sveriges Riksbank” is the oldest central bank in the world.

Detailed explanation-4: -Berenberg bank is the second oldest in the world after Banca Monte Dei Paschi di Siena, and it’s also the world’s oldest merchant bank.

Detailed explanation-5: -The Bank of England is the central bank of the United Kingdom. We’re different to a bank that you would come across in the high street. That means we don’t hold accounts or make loans to the public. We issue banknotes that you spend in shops.

There is 1 question to complete.