Nationalization of Banking

11. Which bank was nationalized in 1980 during the second phase of bank nationalization in India?

a) Bank of Maharashtra

b) Central Bank of India

c) Union Bank of India

d) Bank of India

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12. How many banks were nationalized in the second phase of bank nationalization in 1980?

a) 6

b) 10

c) 12

d) 14

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13. Which of the following banks was not nationalized in the second phase of bank nationalization?

a) Punjab National Bank

b) Canara Bank

c) Indian Bank

d) Allahabad Bank

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14. Which of the following is not a reason for the nationalization of banks?

a) Promotion of financial inclusion

b) Prevention of concentration of economic power

c) Facilitation of economic reforms

d) Stabilization of the banking sector

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15. True or False: Private individuals and institutions were completely excluded from the banking sector after nationalization.

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