Previous year MCQs

Economy UPPSC 1996 GS-I
Question

The Government of India has nationalised 14 banks of the country in:

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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