A) People Bank
B) Indian Bank
C) European Bank
D) Bank of Hindustan
Correct Answer: D
Solution :
Bank of Hindustan, the first financial bank under European guidelines, was established in India in 1770 in Calcutta by Alexander and company. The origin of western type commercial banking in India dales back to the 18th century. The story of banking starts from Bank of Hindustan established in 1770 and it was first bank at Calcutta under European management. In 1786, 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 centre.
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