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Which of the following statements are correct about the Banking in India?1. The first bank of limited liability managed by Indians was Oudh Commercial Bank founded in 18812. Subsequently, Punjab National Bank was established in 18943. The Banking Companies Act was passed in February 19494. The largest bank - Imperial Bank of India - was nationalised in 1955 and renamed as Reserve Bank of Indiaa)1 and 2b)1, 2 and 3c)1, 2 and 4d)1, 2, 3 and 4Correct answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following statements are correct about the Banking in India?1. The first bank of limited liability managed by Indians was Oudh Commercial Bank founded in 18812. Subsequently, Punjab National Bank was established in 18943. The Banking Companies Act was passed in February 19494. The largest bank - Imperial Bank of India - was nationalised in 1955 and renamed as Reserve Bank of Indiaa)1 and 2b)1, 2 and 3c)1, 2 and 4d)1, 2, 3 and 4Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements are correct about the Banking in India?1. The first bank of limited liability managed by Indians was Oudh Commercial Bank founded in 18812. Subsequently, Punjab National Bank was established in 18943. The Banking Companies Act was passed in February 19494. The largest bank - Imperial Bank of India - was nationalised in 1955 and renamed as Reserve Bank of Indiaa)1 and 2b)1, 2 and 3c)1, 2 and 4d)1, 2, 3 and 4Correct answer is option 'B'. Can you explain this answer?.

Solutions for Which of the following statements are correct about the Banking in India?1. The first bank of limited liability managed by Indians was Oudh Commercial Bank founded in 18812. Subsequently, Punjab National Bank was established in 18943. The Banking Companies Act was passed in February 19494. The largest bank - Imperial Bank of India - was nationalised in 1955 and renamed as Reserve Bank of Indiaa)1 and 2b)1, 2 and 3c)1, 2 and 4d)1, 2, 3 and 4Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Which of the following statements are correct about the Banking in India?1. The first bank of limited liability managed by Indians was Oudh Commercial Bank founded in 18812. Subsequently, Punjab National Bank was established in 18943. The Banking Companies Act was passed in February 19494. The largest bank - Imperial Bank of India - was nationalised in 1955 and renamed as Reserve Bank of Indiaa)1 and 2b)1, 2 and 3c)1, 2 and 4d)1, 2, 3 and 4Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Which of the following statements are correct about the Banking in India?1. The first bank of limited liability managed by Indians was Oudh Commercial Bank founded in 18812. Subsequently, Punjab National Bank was established in 18943. The Banking Companies Act was passed in February 19494. The largest bank - Imperial Bank of India - was nationalised in 1955 and renamed as Reserve Bank of Indiaa)1 and 2b)1, 2 and 3c)1, 2 and 4d)1, 2, 3 and 4Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Which of the following statements are correct about the Banking in India?1. The first bank of limited liability managed by Indians was Oudh Commercial Bank founded in 18812. Subsequently, Punjab National Bank was established in 18943. The Banking Companies Act was passed in February 19494. The largest bank - Imperial Bank of India - was nationalised in 1955 and renamed as Reserve Bank of Indiaa)1 and 2b)1, 2 and 3c)1, 2 and 4d)1, 2, 3 and 4Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Which of the following statements are correct about the Banking in India?1. The first bank of limited liability managed by Indians was Oudh Commercial Bank founded in 18812. Subsequently, Punjab National Bank was established in 18943. The Banking Companies Act was passed in February 19494. The largest bank - Imperial Bank of India - was nationalised in 1955 and renamed as Reserve Bank of Indiaa)1 and 2b)1, 2 and 3c)1, 2 and 4d)1, 2, 3 and 4Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Which of the following statements are correct about the Banking in India?1. The first bank of limited liability managed by Indians was Oudh Commercial Bank founded in 18812. Subsequently, Punjab National Bank was established in 18943. The Banking Companies Act was passed in February 19494. The largest bank - Imperial Bank of India - was nationalised in 1955 and renamed as Reserve Bank of Indiaa)1 and 2b)1, 2 and 3c)1, 2 and 4d)1, 2, 3 and 4Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.