Nationalization of Banking

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

a) 10%

b) 20%

c) 30%

d) 40%

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

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

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

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