Nationalization of Banking

Here are some MCQs on Nationalization of Banking

1. When was the nationalization of banking in India initiated?

a) 1947

b) 1955

c) 1969

d) 1980

2. Which banking act was passed in India to facilitate the nationalization of banks?

a) Banking Companies Act, 1949

b) Banking Regulation Act, 1949

c) Banking Regulation (Amendment) Act, 1970

d) Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970

3. How many banks were nationalized in 1969?

a) 10

b) 14

c) 19

d) 20

4. Who was the Prime Minister of India when the nationalization of banks took place in 1969?

a) Jawaharlal Nehru

b) Indira Gandhi

c) Lal Bahadur Shastri

d) Morarji Desai

5. Which of the following banks was not nationalized in 1969?

a) State Bank of India

b) Bank of Baroda

c) Canara Bank

d) Punjab National Bank