Which of the following is known as first bank of India? [#907] | SPPMMC

Which of the following is known as first bank of India? [#907]

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Q1. Which of the following is known as first bank of India?
Q1. Which of the following is known as first bank of India?

(A) Reserve Bank
(A) Reserve Bank
(B) State Bank of India
(B) State Bank of India
(C) Central Bank of India
(C) Central Bank of India
(D) Bank of Hindustan
(D) Bank of Hindustan
Answer: (D) Bank of Hindustan
Answer: (D) Bank of Hindustan
The Bank of Hindustan, established in 1770, is considered the first bank in India. It was located in Calcutta, the then capital of India. The bank was set up by the agency house of Alexander and Company and was successful for 50 years. However, it was liquidated between 1830 and 1832 when its parent company failed during the commercial crisis of 1832.
The Bank of Hindustan, established in 1770, is considered the first bank in India. It was located in Calcutta, the then capital of India. The bank was set up by the agency house of Alexander and Company and was successful for 50 years. However, it was liquidated between 1830 and 1832 when its parent company failed during the commercial crisis of 1832.

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2024-03-03

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