Multiple choice

The Indian Prime Minister who Nationalised the banks was

  1. Mrs.Indira Gandhi

  2. Jawaharlal Nehru

  3. L B Shastri

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

Prime Minister Indira Gandhi nationalized 14 major commercial banks in 1969 to promote social welfare and expand credit to rural areas. This move was a significant step in her economic policy to reduce the control of a few on the banking sector.

Keep practicing — related questions