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Railways PYQCBT 1 2016

RRB NTPC · Question 42

The name of the first bank established in India was A. Bank of Hindustan B. Reserve Bank of India C. Imperial Bank D. State Bank of India

  1. B

  2. C

  3. A

  4. D

Show answer & explanation

Answer: (C) A

Explanation

The Bank of Hindustan, set up in 1770 in Calcutta, was the first bank established in India; it closed in 1832. The oldest bank still operating is the State Bank of India (originally the Bank of Calcutta, 1806). The RBI was founded in 1935.