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Economy
UPPSC 1996 GS-I
Question
The Government of India has nationalised 14 banks of the country in:
A)
July, 1969
B)
August, 1971
C)
March, 1981
D)
July, 1991
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Answer & Solution
Answer:
(Detailed Solution Below)
Option A:
July, 1969
Detailed Solution:
The correct answer is
“July, 1969”.
The Government of India nationalized 14 major commercial banks on July 19, 1969. This significant step was taken by then Prime Minister Indira Gandhi.
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