Multiple choice general knowledge

When were banks in India Nationalised ?

  1. 1969

  2. 1967

  3. 1970

  4. 1971

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Banks in India were nationalized in 1969 under Prime Minister Indira Gandhi. On July 19, 1969, 14 major commercial banks were nationalized to serve rural areas and priority sectors. A second round of nationalization happened in 1980 (6 more banks), but 1969 is the primary answer for this GK question.