Banking General Awareness Origin and Development of Banking in India Question Bank Origin and Development of Banking in India

  • question_answer
    In the year 1980, the second phase of nationalisation of Indian banks took place. Choose the correct statement.

    A)  7 more banks were nationalised with deposits over 200 crores.

    B)  The Government of India held a control over 91% of the banking industry in India.

    C)  After the nationalisation of banks there was a huge jump in the deposits and advances with the banks.

    D)  All of the above

    E)  None of the above

    Correct Answer: A


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