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Q.

How many banks were nationalized in 1969?

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a

16

b

14

c

15

d

18

answer is A.

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Detailed Solution

The following financial institutions were nationalized in 1969: Allahabad Bank, Canara Bank, United Bank of India, UCO Bank, Syndicate Bank, Indian Overseas Bank, Bank of Baroda, Punjab National Bank, Bank of India, Bank of Maharashtra, Central Bank of India, Indian Bank, Dena Bank.

Total14 Banks were nationalized.

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