What is the correct sequence of nationalisation of the banks mentioned below?
A
State Bank of India, Reserve Bank of India, 14 Commercial Banks, 6 Commercial Banks
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B
Reserve Bank of India, 14 Commercial Banks, State Bank of India, 6 Commercial Banks
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C
Reserve Bank of India, State Bank of India, 14 Commercial Banks, 6 Commercial Banks
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D
14 Commercial Banks, 6 Commercial banks, Reserve Bank of India, State Bank of India
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Solution
The correct option is D Reserve Bank of India, State Bank of India, 14 Commercial Banks, 6 Commercial Banks The correct sequence of nationalisation of the banks is: Reserve Bank of India, State Bank of India, 14 Commercial Banks, 6 Commercial Banks.