How many banks have been nationalised in both phases of Nationalisation of 1969 ?
- A8
- B12
- C14
- D20
Solution & Step-by-step Explanation
The question asks for the number of banks nationalised during the specific landmark phase of nationalisation initiated in 1969. In July 1969, the Government of India nationalised exactly 14 major commercial banks. (Note: An additional 6 banks were nationalised later in a separate phase in 1980).