Home PYQs UPPSC UPPSC MCQs Prelims 2007 (GS Paper I)

Question

Government of India first Nationalized of 14 major commercial banks:

  1. In the year of 1956
  2. In the year of 1959
  3. In the year of 1969
  4. In the year of 1971

Answer:

Option C: In the year of 1969

Detailed Solution:

The correct answer is “In the year of 1969”.

On July 19, 1969, Indira Gandhi who was both Prime Minister and Finance Minister at that time decided to nationalise the 14 largest private banks of the country.