GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1794
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1894
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1896
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1902
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Detailed explanation-1: -The correct answer is 1894. Punjab National Bank was founded in 1894. Its first branch came up in Lahore, today’s Pakistan, but after partition in 1947, the branch was shifted to India. It is the first Indian bank to have been started solely with Indian capital that has survived to the present.
Detailed explanation-2: -The first bank purely managed bu Indian was Punjab National Bank, established in Lahore in 1895. The Punjab National Bank has not only survived till date but also one of the largest banks in India.
Detailed explanation-3: -Established in 1911, Central Bank of India was the first Indian commercial bank which was wholly owned and managed by Indians. The establishment of the Bank was the ultimate realisation of the dream of Sir Sorabji Pochkhanawala, founder of the Bank.