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GS Paper IUPSC Prelims 2003
Early Colonial Period
Question No. 227Interactive Test Mode
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+2-0.66

Q227. In India, the first Bank of limited liability managed by Indians and founded in 1881 was:

In India, the first Bank of limited liability managed by Indians and founded in 1881 was:

Select the correct option below (or cross out options to eliminate)
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Official Answer Key & Detailed Solution

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Official UPSC Answer KeyUPSC Prelims 2003 • Modern History

Correct Answer: Option (B) — Oudh Commercial Bank

Concept & Option Breakdown

Standard Reference Verified

The Oudh Commercial Bank, established in 1881 in Faizabad, was the first commercial bank in India with limited liability to be managed exclusively by an Indian board of directors. (Punjab National Bank was founded later in 1894 in Lahore).

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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 2003 (Q227)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicModern History → Early Colonial Period
Official Answer KeyOption (B) — Oudh Commercial Bank

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Frequently Asked Questions — UPSC Prelims 2003 Q227

What is the official answer for UPSC Prelims 2003 GS Paper I Question 227 (Modern History)?

The official UPSC answer key for this 2003 Modern History (Early Colonial Period) question is Option (B): "Oudh Commercial Bank". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 2003 question belong to?

This question belongs to GS Paper I under the subject "Modern History" and micro-topic "Early Colonial Period". You can explore all repeated questions from Early Colonial Period in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Early Colonial Period UPSC Prelims question using option elimination?

To solve Early Colonial Period questions in UPSC Prelims, identify extreme modifiers, verify core NCERT conceptual definitions, and eliminate mutually contradictory statement pairs before locking your final option.

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