Multiple choice

Directions: Choose the correct option for the given question.

The nationalisation of the major commercial banks took place in

  1. 1947

  2. 1956

  3. 1969

  4. 1980
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The nationalisation of 14 major commercial banks took place on July 19, 1969, under the leadership of Prime Minister Indira Gandhi. This was a landmark decision to expand banking reach to rural areas and prioritize social objectives over profit. A second round of nationalisation occurred in 1980. Options A (1947 - independence year), B (1956), and D (1980 - second round) are incorrect for the FIRST major nationalisation.

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