question_answer

Mrs Indira Gandhi nationalised 20 banks of India-14 in the year 1969 and 6'in the year 1980-saying that the banks were not following the policies adopted by the country after Independence and forced them to come under government ownership. Which of the following is/are assumption(s) in the above statement?

(A) Banks were nationalised because they followed the concept of class banking not mass banking.

(B) India being a socialist country, it is the duty of the banks to do the welfare of people.

(C) The banks should be nationalised in socialist country.

(D) It was declared by the first PM of India that there will be nationalised banks in India.

A)  Only A                        

B)  Only A and B

C)  Only B and C   

D)  Only A, B and C              

E)  All of these