Multiple choice general knowledge

When were banks in India nationalised

  1. 1970

  2. 1967

  3. 1956

  4. 1969

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

The Government of India nationalized 14 major commercial banks in July 1969 under Prime Minister Indira Gandhi. A second round of 6 banks was nationalized in 1980. This was a major economic policy shift toward state control of banking.