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  9. Q98

CGPSC 2011 · Question 98 of 146

The first nationalization of banks in India was done

Banking

  1. AIn 1950
  2. BIn 1960
  3. CIn 1969Correct
  4. DIn 1979

Answer: C. In 1969

Explanation

On 19 July 1969, the government nationalised 14 major commercial banks to extend banking to rural and priority sectors.

Source: CGPSC PCS Prelims 2011 GS Paper, solved paper via iasexamportal.com

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