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.

Answer 2

Anchor-point elimination:
Instead of recalling every date precisely, anchor on two clear facts: Punjab National Bank (1894) is widely known as one of the oldest India-founded banks, so it must come first, and the Industrial Development Bank of India (1964) is a mid-20th-century development finance institution, so it must come last. This immediately eliminates any option that does not begin with (C) and end with (D).
Between the remaining two, Canara Bank (1906) was founded before Central Bank of India (1911), so Canara Bank slots in second and Central Bank of India third.
This reconstructs the order (C), (A), (B), (D), which matches only option (3).