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Types of Borrowing

Which of the ...

Question

Which of the following is the first commercial bank in India?

A

State Bank of India

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B

Oudh Commercial Bank

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C

Union Bank of India

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D

Indian Bank

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E

Allahabad Bank

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Solution

The correct option is B
Oudh Commercial Bank

Oudh Commercial Bankwas established in 1881 in Faizabad.
At the time, it was the first commercial bank in India having limited liability and an entirely Indian board of directors.

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