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Question
Who was the Prime Minister when 14 banks were nationalised?
Who was the Prime Minister when 14 banks were nationalised?
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Solution
The correct option is B Mrs Indira Gandhi
Indira Gandhi nationalised 14 major banks through an Ordinance on July 19, 1969. These banks held 70-85 per cent of total deposits in banks at the time.
Indira Gandhi nationalised 14 major banks through an Ordinance on July 19, 1969. These banks held 70-85 per cent of total deposits in banks at the time.
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