GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In which year, the first bank of India “Bank of Hindustan” was established?
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1770
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1775
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1780
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1785
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Explanation:
Detailed explanation-1: -The origin of western type commercial Banking in India dates back to the 18th century. The story of banking starts from Bank of Hindustan established in 1770 and it was first bank at Calcutta under European management.
Detailed explanation-2: -The first bank of the joint stock variety was Bank of Bombay, established in 1720 in Bombay.
Detailed explanation-3: -The correct answer is Bank of Hindustan. Bank of Hindustan: The Bank of Hindostan (1770-1832), set up by the agency house of Alexander and Company in the year 1770 was the first bank established in India.
There is 1 question to complete.