GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bank of India
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Patiala Bank
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Bank of Baroda
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Allahabad Bank
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Detailed explanation-1: -Allahabad Bank is a nationalised bank with its headquarters in Kolkata, India. It is the oldest joint stock bank in India. On 24 April 2014, the bank entered into its 150th year of establishment.
Detailed explanation-2: -The first bank of a joint stock variety was Bank of Bombay, established in 1720 in Bombay4 . This was followed by Bank of Hindustan in Calcutta, which was established in 1770 by an agency house.
Detailed explanation-3: -State Bank of India (SBI) is the oldest bank in India. State Bank of India is also the largest bank in India. SBI was established as Bank of Calcutta in 1806. It was renamed as Bank of Bengal in 1809.
Detailed explanation-4: -The correct answer is Allahabad Bank (now Indian Bank). Joint Stock Bank is a bank having more than one shareholder. Allahabad is the oldest Joint stock bank established in the year 1865. The first variety of joint-stock banks was the Bank of Bombay, established in 1720 in Bombay.