Previous year MCQs

Economy UPPSC 2007 GS-I
Question

Government of India first Nationalized of 14 major commercial banks:

Answer & Solution

Answer: (Detailed Solution Below)

Option C: In the year of 1969

Detailed Solution:

The correct answer is “In the year of 1969”.
On July 19, 1969, Indira Gandhi who was both Prime Minister and Finance Minister at that time decided to nationalise the 14 largest private banks of the country.

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