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Banking reforms in India: In the second round of nationalization of commercial banks, how many banks were nationalized? Provide the exact count of banks nationalized in the second phase (1980). Choose the correct number.

Difficulty: Easy

Correct Answer: 6 banks

Explanation:


Given data

  • We need the number of banks nationalized in the second phase of bank nationalization (1980).


Concept / Approach
India nationalized major banks in two waves: the first in 1969 (14 banks) and the second in 1980, when additional banks were nationalized.


Step-by-step reasoning
Second phase (1980) → 6 banks were nationalized.


Common pitfalls

  • Mixing up the 1969 and 1980 numbers (14 vs. 6).
  • Assuming total cumulative number rather than the second-phase increment.


Final Answer
The correct count is 6 banks.

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