Question

Which of the following banks was established first?

• A. Punjab National Bank
• B. Central Bank of India
• C. Bank of India
• D. Indian Bank

Hint:

Punjab National Bank is the first swadeshi bank founded in 1894.

Answer 1

The Correct Option is A

Step 1: Historical dates.
- Punjab National Bank: Established in 1894.
- Bank of India: Established in 1906.
- Indian Bank: Established in 1907.
- Central Bank of India: Established in 1911.
Step 2: Analysis.
Punjab National Bank is the earliest among these.
Step 3: Conclusion.
Thus, the first bank established is Punjab National Bank (1894).