MC1 When was the first bank established in India?
A. 1865
B. 1770
C. 1806
D. 1921
Answer:C
MC1 When was the first bank established in India?
A. 1865 B. 1770 C. 1806 D. 1921
Explanation: The Bank of Hindustan was established in 1806 in Calcutta (now Kolkata) and is considered as the first bank in India. However, it failed in just two years of its operation.