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Which was the first bank established in India?

  • A.Bank of Calcutta
  • B.Bank of Hindustan
  • C.General Bank of India
  • D.State Bank of India

Answer: B

Correct answer: Bank of Hindustan

The Bank of Hindustan, established at Calcutta in 1770, was the first bank in India. It failed in 1832. The General Bank of India followed in 1786, and the Bank of Calcutta - later the Bank of Bengal, and an ancestor of the State Bank of India - in 1806.

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