The question asks for the year when the first 14 major commercial banks were nationalised in India. This is a direct factual question related to the economic history of India, specifically banking reforms.
Correct Option: C) 1969 is the correct year when the first 14 major commercial banks were nationalised in India.
The question asks to identify the Prime Minister of India during the nationalisation of 14 major banks in 1969. This requires knowledge of significant historical events and the political leadership at that time.
C) Indira Gandhi was the Prime Minister of India when 14 major commercial banks were nationalised on July 19, 1969. This move was a significant step towards economic planning and control by the government.
The question asks for the minimum deposit criterion used for the nationalisation of 14 major commercial banks in India in 1969. This is a factual question related to Indian economic history and banking reforms.
Correct Option: C) Deposits exceeding Rs 50 crore. This was the specific threshold set by the Indian government in 1969 for the nationalisation of the 14 largest commercial banks.
The question asks about the year of the second wave of bank nationalisation in India, specifically mentioning that it covered 6 more banks. To answer this, one needs to recall the history of bank nationalisation in India, which occurred in two major phases.
Correct Option: A) 1980 is the correct year for the second wave of bank nationalisation, where 6 more banks were nationalised.
The question asks about the number of private banks nationalised during the second phase in India in 1980. This is a factual question related to the history of banking reforms in India. To answer correctly, one needs to recall the specific details of the bank nationalisation events.
The 6 banks nationalised in 1980 were:
Correct Option: A) 6
In the second phase of bank nationalisation in 1980, 6 private commercial banks were nationalised. This was done to further extend government control over the banking sector and align it with national development goals.
The question asks to identify which of the given banks was NOT among the 14 banks nationalised in 1969. To answer this, one needs to recall the list of banks nationalised in 1969 and compare it with the given options.
D) State Bank of India — The State Bank of India (SBI) was nationalised much earlier, in 1955, through the State Bank of India Act, 1955. It was formed by nationalising the Imperial Bank of India. Therefore, SBI was already a nationalised bank and was not among the 14 banks nationalised in 1969.