Nationalization of Banking

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21. What percentage of GDP did the nationalized banks control by the end of the 1970s?

a) 10%

b) 20%

c) 30%

d) 40%

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22. Which of the following banks was not nationalized in 1969 or 1980?

a) Bank of Maharashtra

b) Corporation Bank

c) Dena Bank

d) Indian Overseas Bank

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23. Who led the nationalization campaign in India as the Chairman of the All India Bank Employees’ Association?

a) Lalit Narayan Mishra

b) Jayaprakash Narayan

c) Murarji Desai

d) George Fernandes

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24. Which bank was the first private sector bank to be nationalized in India in 1919?

a) Allahabad Bank

b) Bank of Allahabad

c) Indian Bank

d) Bank of India

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25. True or False: The nationalization of banks in India led to significant improvements in financial inclusion and rural credit availability.

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