Multiple choice general knowledge

When were banks in India nationalised?

  1. 1969

  2. 1973

  3. 1971

  4. 1974
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The first major wave of commercial bank nationalisation in India occurred on July 19, 1969, when the government nationalised 14 major commercial banks. This was a monumental step in aligning the banking sector with the socio-economic goals of the country. Therefore, 1969 is the correct year.

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