{"id":21410,"date":"2024-04-15T06:05:51","date_gmt":"2024-04-15T06:05:51","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=21410"},"modified":"2024-04-15T06:05:51","modified_gmt":"2024-04-15T06:05:51","slug":"in-india-the-first-bank-of-limited-liability-managed-by-indians-and-founded-in-1881-was-a-hindustan-commercial-bank-b-oudh-commercial-bank-c-punjab-national-bank-d-punjab-and-sind-bank","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/in-india-the-first-bank-of-limited-liability-managed-by-indians-and-founded-in-1881-was-a-hindustan-commercial-bank-b-oudh-commercial-bank-c-punjab-national-bank-d-punjab-and-sind-bank\/","title":{"rendered":"In India, the first bank of limited liability managed by Indians and founded in 1881 was A. Hindustan Commercial Bank B. Oudh Commercial Bank C. Punjab National Bank D. Punjab and Sind Bank"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a98ace190dd8\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"true\">\r\n                    Hindustan Commercial Bank                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    Oudh Commercial Bank                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    Punjab National Bank                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    Punjab and Sind Bank                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: <strong>A. Hindustan Commercial Bank<\/strong><\/p>\n<p>The Hindustan Commercial Bank was the first bank of limited liability managed by Indians and founded in 1881. It was established by a group of Indian businessmen, including Sir Gangadhar Rao Chitnis, Sir Pherozeshah Mehta, and Dadabhai Naoroji. The bank was headquartered in Bombay (now Mumbai) and had branches in other major cities in India. It played a significant role in the development of the Indian economy in the late 19th and early 20th centuries.<\/p>\n<p>The Oudh Commercial Bank was founded in 1881 by a group of British businessmen. It was headquartered in Lucknow and had branches in other major cities in the United Provinces (now Uttar Pradesh). The bank was acquired by the Imperial Bank of India in 1921.<\/p>\n<p>The Punjab National Bank was founded in 1894 by a group of Indian businessmen. It was headquartered in Lahore (now in Pakistan) and had branches in other major cities in the Punjab region. The bank was nationalized in 1969.<\/p>\n<p>The Punjab and Sind Bank was founded in 1894 by a group of Indian businessmen. It was <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> headquartered in Lahore (now in Pakistan) and had branches in other major cities in the Punjab and Sind regions. The bank was nationalized in 1969.<\/p>\n<p>The Hindustan Commercial Bank was the first bank of limited liability managed by Indians and founded in <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> 1881. It was the only bank on the list that was founded by Indians and managed by Indians. The other three banks were founded by British businessmen and were managed by British staff. The Hindustan Commercial Bank also played a more significant role in the development of the Indian economy than the other three banks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[207],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>In India, the first bank of limited liability managed by Indians and founded in 1881 was A. Hindustan Commercial Bank B. Oudh Commercial Bank C. Punjab National Bank D. 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