Question

Which of the following banks were nationalized after being private banks in India?

1)    Bank of Baroda

2)    Punjab National Bank

3)    State Bank of India

4)    Union Bank of India

Choose the correct option.

A 1 and 2 only Correct Answer Incorrect Answer
B 2 and 3 only Correct Answer Incorrect Answer
C 3 and 4 only Correct Answer Incorrect Answer
D 1, 2, 3 and 4 Correct Answer Incorrect Answer
E 1, 2 and 4 Correct Answer Incorrect Answer

Solution

Punjab National Bank and several other banks were nationalized in 1969 and State Bank of India was also nationalized in 1955.  

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