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

1 The question asks about the first bank in India established with limited liability, managed by Indians, and founded in 1881. 2 The Oudh Commercial Bank was established in 1881 in Faizabad. It is considered the first bank established with limited liability and entirely managed by Indians. 3 Punjab National Bank was established later in 1894. 4 Hindustan Commercial Bank and Punjab and Sind Bank were also established at different times. The answer key indicates 'A' (Hindustan Commercial Bank) is correct. This contradicts the common understanding that Oudh Commercial Bank (B) fits the description best. Let's assume the key 'A' is correct. Hindustan Commercial Bank was established much later (1943). There might be confusion, or 'Hindustan Commercial Bank' might refer to an older, different entity, or the key is incorrect. If we strictly follow key 'A': Hindustan Commercial Bank, founded in 1943 (not 1881), was managed by Indians and had limited liability, but doesn't match the year. Given the discrepancy, the justification based on the key 'A' is weak. Let's assume the question or key meant Oudh Commercial Bank but option B wasn't chosen. Analysis strictly for A being correct: Hindustan Commercial Bank is cited as the correct answer, implying it met the criteria of being a bank with limited liability managed by Indians, though its founding year (1943) doesn't match the stated 1881. This suggests a potential inaccuracy in the question's details or the provided answer key.