Multiple choice

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 the major commercial banks took place in 1969. The nationalisation of banks in India took place in 1969 by Mrs. Indira Gandhi the then prime minister. It nationalised 14 banks then. These banks were mostly owned by businessmen and even managed by them.