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The number of commercial banks nationalized in the major wave of 1969 was:

  1. A
    8
  2. B
    12
  3. C
    14
  4. D
    20

Solution & Step-by-step Explanation

On July 19, 1969, the Government of India issued the Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, which nationalized 14 major commercial banks that held deposits exceeding .

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The number of commercial banks nationalized in the major wave of 1969 was:
A
8
B
12
C
14
D
20

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