Question

How many banks were nationalised on April 15, 1980?

• A. 20
• B. 6
• C. 8
• D. 10

Hint:

Remember the two big bank nationalisations: 14 banks in 1969, and 6 more in 1980.

Answer 1

The Correct Option is B

Following the first round of nationalisation in 1969, a second phase took place on April 15, 1980. In this round, six more scheduled commercial banks were nationalised, bringing the total number of nationalised banks to 20 at that time.