Question
The first financial bank under European guidelines was established in India in 1770 in Calcutta by Alexander and CO.
What was the name of that bank?
What was the name of that bank?
Answer: Option A
Answer: (a)
Bank of Hindustan, the first financial bank under European guidelines, was established in India in 1770 in Calcutta by Alexander and the company. The origin of western type commercial Banking in India dates back to the 18th century.
The story of banking starts from the Bank of Hindusthan established in 1770 and it was the first bank at Calcutta under European management.
In 1786, the General Bank of India was set up. Since Calcutta was the most active trading port in India, mainly due to the trade of the British empire, it became a banking center.
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Answer: (a)
Bank of Hindustan, the first financial bank under European guidelines, was established in India in 1770 in Calcutta by Alexander and the company. The origin of western type commercial Banking in India dates back to the 18th century.
The story of banking starts from the Bank of Hindusthan established in 1770 and it was the first bank at Calcutta under European management.
In 1786, the General Bank of India was set up. Since Calcutta was the most active trading port in India, mainly due to the trade of the British empire, it became a banking center.
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