Question

    How many Banks were nationalized in the Second Phase of

    Nationalization of Banks?
    A 8 Correct Answer Incorrect Answer
    B 10 Correct Answer Incorrect Answer
    C 14 Correct Answer Incorrect Answer
    D 4 Correct Answer Incorrect Answer
    E 6 Correct Answer Incorrect Answer

    Solution

    In the Second Phase of Nationalization of Banks, 6 Banks whose worth was greater than 200 Crores were nationalized. They were – Andhra Bank, Punjab and Sindh Bank, Co-operation Bank, Oriental Bank of Commerce, New Bank of India and Vijaya Bank. 

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