Multiple choice general knowledge history

What unique distinction do the General Bank of India and the Bank of Hindustan founded in and around 1786 posses in the context of Indian banking history?

  1. Banks offered great benefits

  2. They are the Second Indian Banks

  3. They are the first Indian Banks

  4. All the above Ans are incorrect
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The General Bank of India and Bank of Hindustan, founded in the late 18th century (around 1786), are recognized as among the first Indian banks. They mark the beginning of organized banking in India during the colonial era.

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