BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following was the first commercial Bank of limited liability managed by Indians?
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Punjab National Bank
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Oudh Commercial Bank
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Imperial Bank of India
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Bank of Baroda
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Explanation:
Detailed explanation-1: -Oudh Commercial Bank or Awadh Commercial Bank was an Indian bank established in 1881 in Faizabad and operated until 1958 when it failed. It was the first commercial bank in India having limited liability and an entirely Indian board of directors.
Detailed explanation-2: -The first entirely Indian joint stock bank was the Oudh Commercial Bank, established in 1881 in Faizabad.
Detailed explanation-3: -The first bank of a joint stock variety was Bank of Bombay, established in 1720 in Bombay4 .
There is 1 question to complete.