Question:
14 big scheduled commercial banks in India were nationalised in
14 big scheduled commercial banks in India were nationalised in
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A key date in Indian banking history: 1969, the year 14 major banks were nationalised.
Updated On: Sep 12, 2025
- 1949
- 1955
- 1969
- 2000
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The Correct Option is C
Solution and Explanation
The Government of India, under Prime Minister Indira Gandhi, nationalised 14 of the largest scheduled commercial banks on July 19, 1969. This was a major economic policy decision aimed at increasing the government's control over the credit delivery system to better serve the needs of development and specific sectors like agriculture and small-scale industries.
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