Question

Arrange the following banks as per their year of establishment in ascending order (that is, from beginning to latest):
(A). Canara Bank
(B). Central Bank of India
(C). Punjab National Bank
(D). Industrial Development Bank of India

Choose the correct answer from the options given below:

• A. (A), (C), (B), (D).
• B. (B), (D), (A), (C).
• C. (C), (A), (B), (D).
• D. (C), (B), (D), (A).

Hint:

Memorize bank establishment years: PNB (1894) $\to$ Canara (1906) $\to$ Central (1911) $\to$ IDBI (1964) for chronological order.

Answer 1

The Correct Option is C

The banks are arranged in ascending order of their establishment years as follows:
1. Punjab National Bank (1894): Founded in Lahore, it is one of India’s oldest banks, established during the pre-independence era to promote indigenous banking.
2. Canara Bank (1906): Established as Canara Hindu Permanent Fund in Mangalore, it was renamed Canara Bank later, focusing on regional banking.
3. Central Bank of India (1911): Founded in Mumbai, it was the first major commercial bank wholly owned and managed by Indians.
4. Industrial Development Bank of India (1964): Set up as a development finance institution to support industrial growth, later converted into a commercial bank.
Thus, the correct chronological order is (C), (A), (B), (D), making option (3) correct.