Bank nationalization in 1969: State the number of major commercial banks that were nationalized that year. Context: July 1969 was a landmark in Indian banking reforms. Choose the correct number.

Q: Bank nationalization in 1969: State the number of major commercial banks that were nationalized that year. Context: July 1969 was a landmark in Indian banking reforms. Choose the correct number.

Given data Event: First major wave of bank nationalization in India (1969). Concept / Approach In July 1969, the Government of India nationalized 14 large commercial banks. (A second wave of 6 followed in 1980.) Final Answer 14.

Difficulty: Easy

Correct Answer: 14

Explanation:

Given data

Event: First major wave of bank nationalization in India (1969).

Concept / Approach
In July 1969, the Government of India nationalized 14 large commercial banks. (A second wave of 6 followed in 1980.)

Final Answer
14.

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