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Question
On 19th July 1969, ______ major banks in India were nationalised.
Options
12
14
16
18
MCQ
Fill in the Blanks
Solution
On 19th July 1969, 14 major banks in India were nationalised.
Explanation:
These include Allahabad Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Dena Bank, Indian Bank, Indian Overseas Bank, Punjab National Bank, Syndicate Bank, United Bank of India, United Commercial Bank, (UCO Bank), Union Bank of India comprised of these 14 banks. The intentions behind the goals of the Fourth five-year plan were that India should enhance the speed of economic development of India.
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Nationalisation of Banks
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Chapter 1.04: Economic Development - Exercises [Page 22]
