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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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