SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The first wholly Indian Bank was set up in
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1891
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1894
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1921
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1821
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Explanation:
Detailed explanation-1: -The first wholly Indian Bank was set up in 1894. Which is known as PNB, PNB has the distinction of being the first Indian bank to have been started solely with Indian capital that has survived to the present.
Detailed explanation-2: -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.
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