The question asks to identify the first bank established in India, even if it was short-lived. This requires knowledge of the history of banking in India.
Correct Option: C) Bank of Hindustan (1770) was the first bank established in India in 1770, though it failed in 1832.
The question asks to identify which bank was NOT one of the three 'Presidency Banks' established during British colonial rule in India. This requires knowledge of the history of banking in British India.
Correct Option: D) Bank of Delhi
The Bank of Delhi was not one of the three Presidency Banks established during British colonial rule. The three Presidency Banks were the Bank of Bengal, the Bank of Bombay, and the Bank of Madras.
The question asks about the amalgamation of the three Presidency Banks (Bengal, Bombay, and Madras) in 1921. This is a direct factual question related to the history of banking in India.
Correct Option: B) Imperial Bank of India
The question asks about the year when the Imperial Bank of India was renamed and reconstituted as the State Bank of India. This is a factual question related to the history of banking in India.
Correct Option: D) 1955 is the correct year when the State Bank of India Act was passed, leading to the renaming and reconstitution of the Imperial Bank of India as the State Bank of India.
The question asks for the date on which the Reserve Bank of India (RBI) commenced its operations. This is a factual question related to the history of India's central bank.
Correct Option: B) 1 January 1935
The Reserve Bank of India (RBI) was established under the Reserve Bank of India Act, 1934, and began its operations on April 1, 1935. Therefore, option B is the correct answer.
The question asks for the year when the Reserve Bank of India (RBI) was nationalised. This requires knowledge of the historical timeline of the RBI's establishment and subsequent change in ownership structure.
Correct Option: A) 1949. The Reserve Bank of India, initially a privately-owned institution, was nationalised and brought under full government ownership on January 1, 1949.