2
Question
The rationale behind the nationlisation of commercial banks in 1969 was ___________.
The rationale behind the nationlisation of commercial banks in 1969 was ___________.
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Solution
The correct option is D all of the above
The prime or major objective
behind the Nationalization of
Banks in 1969 was to ensure release of huge amounts held by the
Private Banks by way
of deposits from the general public for the equitable and inclusive growth of
the country's economy and facilitate easy access to credit for all the
sectors of the economy.
The prime or major objective behind the Nationalization of Banks in 1969 was to ensure release of huge amounts held by the Private Banks by way of deposits from the general public for the equitable and inclusive growth of the country's economy and facilitate easy access to credit for all the sectors of the economy.
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