Question

First Bank to begin permanent issue of bank notes

• A. Federal Reserve
• B. Deutsche Bank
• C. Bank of England
• D. Barclays Bank

Answer 1

Answer:

C. Bank of England

First in Banking:

• First Bank in the World - Bank of Venice 1157 (It is an Italian bank).
• First Bank to begin permanent issue of bank notes - Bank of England(1694)
• First Bank in India - Bank of Hindustan (1770)
• First Indian Bank open Branch outside India - Bank of India (London, 1946)
• First private bank in India - City Union Bank
• first Bank of India with Limited Liability to be managed by Indians - Oudh Commercial Bank (1881)
• First joint stock bank in India - Allahabad bank (1865)
• First bank started with Indian Capital - Punjab National Bank
• First indigenous bank in India - Punjab National Bank (1894)