From which of the following banks did Madan Mohan Malaviya take loans for financing “The Hindustan Times” ?
Options:
A . Bank of Maharashtra
B . Punjab National Bank
C . Bank of Baroda
D . State Bank of India
Answer: Option B Answer: (b)Madan Mohan Malaviya raised Rs.50,000 rupees to acquire the Hindustan Times along with the help of nationalist leaders Lajpat Rai and M. R. Jayakar and industrialist G. D. Birla, who paid most of the cash. Due to involvement of Lala Lajpat Rai with Punjab National Bank. Malaviya received much needed funds from the bank to revive the paper.
Submit Comment/FeedBack