Question

Q. Which of the following was/were reasons behind the bank nationalisation in India?

Select the correct answer using the codes given below

• A. 1, 2 and 3 only
• B. 2 and 4 only
• C. 1, 3 and 4 only
• D. 1, 2, 3 and 4

Answer 1

The correct option is D 1, 2, 3 and 4

Explanation:

• Control of huge resources
• Attention to priority sector lending
• Development of backward areas
• Efficiency Improvement
• Profitability
• Uniform banking policy
• Mobilization of savings and prevention of money lenders
• Encouraging banking habits and creating banking habitat
• Augmentation of Employment