Question:
How many banks were nationalised on April 15, 1980?
How many banks were nationalised on April 15, 1980?
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Remember the two big bank nationalisations: 14 banks in 1969, and 6 more in 1980.
Updated On: Sep 12, 2025
- 20
- 6
- 8
- 10
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Verified By Collegedunia
The Correct Option is B
Solution and Explanation
Following the first round of nationalisation in 1969, a second phase took place on April 15, 1980. In this round, six more scheduled commercial banks were nationalised, bringing the total number of nationalised banks to 20 at that time.
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