Question

Match List-I with List-II

List-I (Bank) & List-II (Year)
(A). HDFC Bank & (I). 1964
(B). IDBI Bank & (II). 1994
(C). Bank of India & (III). 1865
(D). Allahabad Bank & (IV). 1906
Choose the correct answer from the options given below:

• (A) - (II), (B) - (III), (C) - (I), (D) - (IV)
• (A) - (IV), (B) - (II), (C) - (I), (D) - (III)
• (A) - (II), (B) - (I), (C) - (IV), (D) - (III)
• (A) - (I), (B) - (II), (C) - (IV), (D) - (III)

Hint:

To remember:
- Allahabad Bank is the oldest among these (1865, pre-twentieth century).
- HDFC Bank is a modern private bank, established after the 1991 economic reforms (1994).

Answer 1

The Correct Option is C

Step 1: Understanding the Concept:
Indian banking history spans over a century, containing the establishment of early joint-stock banks, Swadeshi commercial banks, and modern private sector banks.

Step 2: Detailed Explanation:
Let us match each bank with its correct year of establishment:
- (A). HDFC Bank: Established in 1994 as a new-generation private sector bank, following the banking sector liberalization reforms of 1991, matching (II).
- (B). IDBI Bank: The Industrial Development Bank of India was established in 1964 by an Act of Parliament as a development financial institution to support industrial growth, matching (I).
- (C). Bank of India: Established in 1906 by a group of prominent businessmen from Mumbai during the Swadeshi movement, matching (IV).
- (D). Allahabad Bank: Established in 1865 in Allahabad, this was the oldest joint-stock bank in India before its merger with Indian Bank in 2020, matching (III).
This gives the matching: (A) - (II), (B) - (I), (C) - (IV), (D) - (III).

Step 3: Final Answer:
The correct match is Option (C).