GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Who is the founder of Punjab National Bank?
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Bhagat Singh
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Lala Rajpat Rai
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Bipin Chandra Pal
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Bal Gangadhar Tilak
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Explanation:
Detailed explanation-1: -Lala Lajpat Rai was the first to open an account with the bank which was housed in the building opposite the Arya Samaj Mandir in Anarkali in Lahore. His younger brother joined the Bank as a Manager. Authorised total capital of the Bank was Rs.
Detailed explanation-2: -Lala Lajpat Rai was known for his patriotism, his ideas, and what he did to help India become a free country. He was called “Punjab Kesari” because he was a key figure in the fight for Indian independence.
Detailed explanation-3: -Punjab National Bank (PNB), India’s first Swadeshi Bank, commenced its operations on April 12, 1895 from Lahore, with an authorized capital of Rs. 2 Lakh and working capital of Rs. 20, 000.
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