GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which among the following are the correct locations of three presidency banks during British India?
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Surat, Madras, Bombay
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Surat, Calcutta, Madras
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Bombay, Surat, Calcutta
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Calcutta, Madras, Bombay
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Explanation:
Detailed explanation-1: -The Presidency Banks were the Bank of Bengal, established on 2 June 1806, the Bank of Bombay (incorporated on 15 April 1840), and the Bank of Madras (incorporated on 1 July 1843).
Detailed explanation-2: -During the first phase of the evolution of the banking system in India, the British East India Company established many banks in India like the Presidency Banks, namely the Bank of Bengal, Bank of Bombay, and Bank of Madras.
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