Question
The Nationalization of Banks in India took place in
which year? 1)Â Â Â 1969 2)Â Â Â 1980 3)Â Â Â 2021Solution
The Nationalization of Banks in India took place in two phases. In the first phase, 14 major commercial banks were nationalized on July 19, 1969. These banks included the State Bank of India and its seven associate banks, as well as seven other banks. In the second phase, six more commercial banks were nationalized in 1980. Therefore, both statements are correct and the correct answer is option D.
Nethanna Ku Bima insurance scheme is related which of the following state?
The 'Insured Declared Value' (IDV) of a vehicle refers to its:
Agriculture Insurance Company of India Limited was incorporated with an authorised share capital of INR ______ billion.
Which type of insurance usually requires higher premium ?
What percent of shareholding is under National Bank for Agriculture and Rural Development (NABARD) in Agriculture Insurance Company of India Limited?
2000 factories require a Sum Insured of Rs.10 crores each. Statistically, we know that 2 factories get destroyed by fire each year. However, we do not ...
What is the purpose of a "loss adjuster"?
As per current norms in India, what is the maximum limit of No Claim Bonus (NCB) in percentage?
In which year General Insurance Corporation of India ( GIC ) notified as the Indian Reinsurer?
What is a life insurance policy that remains in force for the policyholder’s lifetime?
