Home PYQs UPPSC UPPSC MCQs Prelims 1996 (GS Paper I)

Question

The Government of India has nationalised 14 banks of the country in:

  1. July, 1969
  2. August, 1971
  3. March, 1981
  4. July, 1991

Answer:

Option A: July, 1969

Detailed Solution:

The correct answer is “July, 1969”.

The Government of India nationalized 14 major commercial banks on July 19, 1969. This significant step was taken by then Prime Minister Indira Gandhi.