Multiple choice

In India, the first bank of limited liability managed by Indians and founded in 1881 was

  1. Hindustan Commercial Bank

  2. Oudh Commercial Bank

  3. Punjab National Bank

  4. Punjab and Sind Bank

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The first entirely Indian joint stock bank was the Oudh Commercial Bank, established in 1881 in Faizabad. It collapsed in 1958. The next was the Punjab National Bank which was established in Lahore in 1895, it has survived to the present and is now one of the largest banks in India.