I. On 19th July 1960, SBFs seven subsidiaries were nationalised with deposits over 200 crores. |
II. The major nationalisation of banks happened in 1969 by the then Prime Minister Indira Gandhi. |
III. The major objective behind nationalisation was to spread banking infrastructure in rural areas make cheap finance available to Indian farmers. |
A) I and II
B) II and III
C) I and III
D) I. II and III
E) Only III
Correct Answer: D
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