Banking history: Identify the first Indian-managed limited-liability bank founded in 1881. Choose the correct bank established and managed by Indians with limited liability.
General Knowledge
Indian Economy
Difficulty: Easy
Choose an option
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APunjab National Bank
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BCentral Bank of India
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COudh Commercial Bank
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DBank of India
Answer
Correct Answer: Oudh Commercial Bank
Explanation
FactOudh Commercial Bank (1881, Faizabad) is noted as the first Indian-managed joint-stock bank with limited liability. PNB came later (1894).
Final AnswerOudh Commercial Bank