Question

Nationalisation of 14 banks happened in the year:

A 1948 Correct Answer Incorrect Answer
B 1955 Correct Answer Incorrect Answer
C 1969 Correct Answer Incorrect Answer
D 1980 Correct Answer Incorrect Answer
E 1991 Correct Answer Incorrect Answer

Solution

In 1969 the Indian Government nationalised 14 major private banks. In 1980, 6 more private banks were nationalised. These nationalised banks are the majority lenders in the Indian economy.

Practice Next
×
×