The first bank of India 'Bank of Hindustan' was established in the year?

a. 1880

b. 1870

c. 1770

d. 1775

ANSWER: 1770

Explanation:

The first bank of India 'Bank of Hindustan' was established in the year 1770 in Calcutta.

This bank was established at Calcutta under European management.

It was liquidated in 1830-32.

Another bank during that period was the General Bank of India, established in 1786 but failed in 1791.