Join Testzone, Smartkeeda’s Test Series Platform for:

Choose the right answer from the given options.
Important for :
» Explain it
D
Bengal Central Bank Ltd was a commercial bank based in Bengal. It was founded by J. C. Das in 1918 as the Bengal Central Loan Company. On 18th December 1950, it merged with Comilla Banking Corporation, Comilla Union Bank and Hooghly Bank to form the United Bank of India.
 
Comilla Union Bank Ltd was founded by Sri L.B. Dutta in 1922.
 
Hooghly Bank Ltd was founded by Sri D.N. Mukherjeee 1932.
 
Comilla Banking Corporation Ltd was founded by Narendra Chandra Dutta in 1914 in which is now Bangladesh.

Hence, the option D is correct.
 
2
The first Private Bank in India to receive an in principle approval from the Reserve Bank of India was
» Explain it
B
The first Private Bank in India to receive an in principle approval from the Reserve Bank of India was Housing Development Finance Corporation Limited or HDFC. The bank was founded in1977 by Hasmukhbhai Parekh. It is a major provider of finance for housing in India. It also has a presence in banking, life and general insurance, asset management, venture capital and education loans.

Hence, the option B is correct.
 
3
HDFC Bank Limited commenced operations as scheduled commercial bank in
» Explain it
A
HDFC Bank Limited commenced operations as scheduled commercial bank in January 1995.

Hence, the option A is correct.
 
4
ING Vysya was incorporated in
» Explain it
C
ING Vysya Bank was formally incorporated in the city of Bangalore, Karnataka in 1930. The bank concentrated on serving the Vysya community, a merchant/trading community operating across Karnataka and Andhra Pradesh. In 1958, the bank was licensed by the Reserve Bank of India (RBI) to expand its banking operations nationwide. In 1972, the RBI upgraded Vysya Bank to a national B class bank.

Hence, the optino C is correct.
 
5
The commercial banks have been organized either as public corporations under separate Acts of Parliament or as joint stock companies under the Companies Act of
» Explain it
B
The commercial banks have been organized either as public corporations under separate Acts of Parliament or as joint stock companies under the Companies Act of 1956.

Hence, the option B is correct.