Question

14 big scheduled commercial banks in India were nationalised in

• A. 1949
• B. 1955
• C. 1969
• D. 2000

Hint:

A key date in Indian banking history: 1969, the year 14 major banks were nationalised.

Answer 1

The Correct Option is C

The Government of India, under Prime Minister Indira Gandhi, nationalised 14 of the largest scheduled commercial banks on July 19, 1969. This was a major economic policy decision aimed at increasing the government's control over the credit delivery system to better serve the needs of development and specific sectors like agriculture and small-scale industries.