GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ was the first complete Commercial Bank of India.
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Oudh Commercial Bank
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Dena Bank
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Imperial Bank
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Presidency Bank
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Explanation:
Detailed explanation-1: -Oudh Commercial Bank or Awadh Commercial Bank was an Indian bank established in 1881 in Faizabad and operated until 1958 when it failed. It was the first commercial bank in India having limited liability and an entirely Indian board of directors.
Detailed explanation-2: -The first bank of India was the “Bank of Hindustan”, established in 1770 and located in the then Indian capital, Calcutta.
Detailed explanation-3: -What are the 10 Commercial Banks? Top 10 commercial banks in India are the State Bank of India, ICICI Bank, HDFC Bank, Axis Bank, Bank of Baroda, Kotak Mahindra Bank, IndusInd Bank, Punjab National Bank, Bank of India, and Canara Bank.
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