Multiple choice

Which is the first Bank established in India?

  1. State Bank of India

  2. Bank of India

  3. Punjab National Bank

  4. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Bank of India was the first Indian bank to be established in 1906, during the Swadeshi movement. While the State Bank of India has older origins (Bank of Calcutta, 1806), it was not established as a purely Indian institution in the same sense. Bank of India was the first entirely Indian-owned bank.

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