Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Rural Development

Question:

After the nationalisation of banks, they played a major role in advancing credit. In which year did nationalisation take place?

Options:

1975

1969

1962

1949

Correct Answer:

1969

Explanation:

It was on July 19, 1969, when then prime minister Indira Gandhi announced the nationalisation of 14 banks.