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Question

Nationalisation of 14 major banks in India took place in ________.

A
July 1969
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B
June 1970
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C
April 1980
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D
February 1990
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Solution

The correct option is C July 1969

On July 1969, fourteen major private commercial bank of India were nationalized which included Indian bank, Indian Overseas bank, Canara bank etc in order to increase the efficiency of public sector.


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