1. Which was the only public sector undertaking to be Nationalised in 1955?
1. Bank of Hindustan
2. Punjab National Bank
3. Bank of india
4. State Bank of India
5. Reserve Bank of India
Option “4” is correct. State Bank of India was the only public sector undertaking that was nationalised in 1955, before 1969.
2. How many Banks were Nationalised in 1969?
1. 6
2. 8
3. 10
4. 12
5. 14
Option “5” is correct. 14 Banks were Nationalised in 1969.
3. Second Phase of Nationalisation was conducted in which year?
1. 1970
2. 1980
3. 1990
4. 1995
5. 2000
Option “2” is correct. Second Phase of Nationalisation was conducted in 1980.
4. How many Banks were Nationalised during Phase II?
1. 2
2. 4
3. 6
4. 8
5. 10
Option “3” is correct. Six banks were nationalised during the second phase on 15th April, 1980.
5. Which of the following Bank was Not Nationalised during Phase I?
1. Andhra Bank
2. Bank of Baroda
3. UCO Bank
4. Syndicate Bank
5. Canara Bank
Option “1” is correct. The banks that were nationalised were: 1.Allahabad Bank 2.Bank of Baroda 3.Bank of India 4.Bank of Maharashtra 5.Central Bank of India 6.Canara Bank 7.Dena Bank 8.Indian Bank 9.Indian Overseas Bank 10.Punjab National Bank 11.Syndicate Bank 12.UCO Bank 13.Union Bank 14.United Bank of India
6. Which of the Bank was Nationalised during Phase I?
1. Punjab and Sind Bank
2. Vijaya Bank
3. Oriental Bank of India
4. Corporate Bank
5. All of the Above
Option “5” is correct. In 1980, the government took control of another 6 banks. These included Punjab and Sind Bank, Vijaya Bank, Oriental Bank of India, Corporate Bank, Andhra Bank and New Bank of India.
7. Key Objectives of Nationalisation of Banks was/ were-
1. Address the rising economic difficulties in the 1960s
2. Provide adequate credit for agriculture, small industry and exports
3. Remove control of the few on Banking system
4. Professionalize Bank Management
5. All of the Above
Option “5” is correct. The key objectives of nationalisation of banks were to – 1.Address the rising economic difficulties in the 1960s 2.Remove control of the few on banking system 3.Provide adequate credit for agriculture, small industry and exports 4.Professionalize bank management 5.Encourage a new class of entrepreneurs
8. The 50th anniversary of banks nationalisation was Celebrated in which year?
1. 2018
2. 2019
3. 2017
4. 2016
5. 2015
Option “2” is correct. 50th anniversary of banks nationalisation was Celebrated in 2019.
Option “3” is correct. The Reserve Bank of India was nationalised with effect from 1st January, 1949.
10. The Reserve Bank of India was nationalised on the basis of-
1. Reserve Bank of India Act, 1934
2. Banking regulation Act, 1949
3. Comapanies Act, 1935
4. Reserve Bank of India (Transfer to Public Ownership) Act, 1948
5. None of the Above
Option “4” is correct. The Reserve Bank of India was nationalised on the basis of Reserve Bank of India (Transfer to Public Ownership) Act, 1948.
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