Multiple choice

Nationalisation of banks aims at all of the following except

  1. removal of control by a few

  2. provision of credit to big industries only

  3. provision of adequate credit for agriculture, small industries and export units

  4. encouragement of a new class of entrepreneurs

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

Nationalization aimed to socialize banking, remove concentration of financial power, and ensure credit reached priority sectors like agriculture and small industries (not just big industries). Option B states the exception - credit to big industries only was NOT a goal of nationalization. The goal was broader financial inclusion.

Keep practicing — related questions