BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which was the first public bank to introduce credit cards?
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ICICI
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HDFC
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Central Bank of India
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SBI
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Explanation:
Detailed explanation-1: -Central Bank of India was the first Bank to introduce credit cards in India.
Detailed explanation-2: -In 1958, Bank of America launched the BankAmericard in Fresno, California, which would become the first successful recognizably modern credit card.
Detailed explanation-3: -Launched by Bank of America® as the first consumer credit card in 1958, BankAmericard was also the first card to offer revolving credit.
Detailed explanation-4: -In India, Andhra Bank was the first to introduce credit cards in 1981.
There is 1 question to complete.