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    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.

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