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In 1969, Government of India nationalised _____ major banks.
Question

In 1969, Government of India nationalised _____ major banks.

A.

12

B.

16

C.

14

D.

18

Correct option is C

Correct Answer: C) 14

Brief Explanation: In 1969, the Government of India nationalized 14 major commercial banks.

Information Booster: This move was a significant policy decision aimed at expanding credit access to priority sectors like agriculture and small-scale industries, and increasing government control over the banking system.

More Facts: A second wave of nationalization, involving 6 more banks, occurred in 1980.

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