GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Government of India, nationalised ____ major private sector banks in year 1969
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12
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14
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16
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18
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Explanation:
Detailed explanation-1: -14 Nationalized Banks in 1969: Bank of Baroda, Union Bank, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Dena Bank, Allahabad Bank, Indian Bank, Indian Overseas Bank, Punjab National Bank, Syndicate Bank, UCO Bank and United Bank of India.
Detailed explanation-2: -The banks that were nationalized in 1969 are Allahabad Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Central Bank of India, Canara Bank, Dena Bank, Indian Bank, Indian Overseas Bank, Punjab National Bank, Syndicate Bank, Union Bank, United Bank of India, and Uco Bank.
Detailed explanation-3: -The number of Banks nationalised since 1969 is 20.
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