The first bank managed by Indians was

Appeared in: RRB Staff Nurse Jaipur-6th June 2018

Explanation

Oudh Commercial Bank, established in 1881 in Faizabad, was the first commercial bank in India with limited liability managed entirely by an Indian Board of Directors.
It predates the other banks listed in the options, making it the correct answer for the 'first' bank managed by Indians.
Although it was a pioneering effort, the bank was small, had no branches, and eventually failed in 1958.

Option A: Punjab National Bank was established in 1894, which is 13 years after Oudh Bank was established in 1881.
Option C: Benares State Bank was established much later, in 1946, and therefore cannot be the first.
Option D: Punjab & Sind Bank was founded in 1908, which is after Oudh Bank's establishment.

Visual 1: Timeline: A horizontal timeline graphic showing the founding dates of major early Indian banks, visually highlighting Oudh Bank (1881), Punjab National Bank (1894), and Punjab & Sind Bank (1908) to represent the historical sequence.

Clinical Relevance

Nursing practice connection: This is primarily an exam-oriented knowledge point with limited direct bedside application, so retain History of Banking in India as background academic context rather than a clinical decision trigger.
Understanding the history of banking provides context for the economic development and financial landscape of modern India.
Distinguishing between the 'first managed by Indians' (Oudh Bank) and the 'first surviving swadeshi bank' (Punjab National Bank) is a common point of confusion in general knowledge and history exams.
This knowledge helps in appreciating the journey of indigenous entrepreneurship and financial institutions in pre-independence India.

How to Approach the Question

This is a factual recall question from Indian history and general knowledge.
Identify the key phrase in the question: 'first bank managed by Indians'.
Recall or analyze the establishment dates and management structures of the banks listed in the options.
Compare the founding years: Oudh Bank (1881), Punjab National Bank (1894), Benares State Bank (1946), and Punjab & Sind Bank (1908).
Select the bank with the earliest establishment date that fits the criteria, which is Oudh Bank.
Mentally note the distinction that Punjab National Bank is the first surviving bank of its kind, which helps clarify why it's a common incorrect choice.

Concept Tested & Keywords

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Practise the full RRB Staff Nurse Jaipur-6th June 2018

Attempt every question from this paper in a timed mock, then review the full solution for each one.