{"id":58310,"date":"2024-04-16T01:17:16","date_gmt":"2024-04-16T01:17:16","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=58310"},"modified":"2024-04-16T01:17:16","modified_gmt":"2024-04-16T01:17:16","slug":"identify-the-years-in-which-different-phases-of-bank-nationalisation-took-place-in-india-i-1950-ii-1955-iii-1969-iv-1949-v-1980","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/identify-the-years-in-which-different-phases-of-bank-nationalisation-took-place-in-india-i-1950-ii-1955-iii-1969-iv-1949-v-1980\/","title":{"rendered":"Identify the years in which different phases of Bank Nationalisation took place in India: (i) 1950 (ii) 1955 (iii) 1969 (iv) 1949 (v) 1980"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;(i), (ii), (iii), (iv)&#8221; option2=&#8221;(ii), (iii), (v)&#8221; option3=&#8221;(ii), (iv), (v)&#8221; option4=&#8221;(iii), (iv), (v)&#8221; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is: (iii), (iv), (v).<\/p>\n<p>The first phase of bank nationalisation in India took place in 1969, when 14 major commercial banks were nationalised. The second phase took place in 1980, when six more commercial banks were nationalised.<\/p>\n<p>The main objectives of bank nationalisation were to:<\/p>\n<ul>\n<li>Promote economic development and social justice<\/li>\n<li>Ensure greater credit flow to agriculture and small-scale industries<\/li>\n<li>Provide a sound and stable banking system<\/li>\n<li>Promote financial inclusion<\/li>\n<\/ul>\n<p>Bank nationalisation has had a significant impact on the Indian economy. It has helped to promote economic development and social justice by providing greater credit flow to agriculture and small-scale industries. It has also helped to provide a sound and stable banking system. Additionally, bank nationalisation has helped to promote financial inclusion by making banking services more accessible to the poor and marginalized.<\/p>\n<p>However, bank nationalisation has also faced some challenges. One challenge is that it has led to a concentration of power in the hands of the government. Another challenge is that it has led to a lack of innovation in the banking sector.<\/p>\n<p>Despite these challenges, bank nationalisation has been a success story in India. It has helped to promote economic development and social justice, and it has provided a sound and stable banking system.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;(i), (ii), (iii), (iv)&#8221; option2=&#8221;(ii), (iii), (v)&#8221; option3=&#8221;(ii), (iv), (v)&#8221; option4=&#8221;(iii), (iv), (v)&#8221; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-58310","post","type-post","status-publish","format-standard","hentry","category-economics","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Identify the years in which different phases of Bank Nationalisation took place in India: (i) 1950 (ii) 1955 (iii) 1969 (iv) 1949 (v) 1980<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/identify-the-years-in-which-different-phases-of-bank-nationalisation-took-place-in-india-i-1950-ii-1955-iii-1969-iv-1949-v-1980\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Identify the years in which different phases of Bank Nationalisation took place in India: (i) 1950 (ii) 1955 (iii) 1969 (iv) 1949 (v) 1980\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;(i), (ii), (iii), (iv)&#8221; option2=&#8221;(ii), (iii), (v)&#8221; option3=&#8221;(ii), (iv), (v)&#8221; option4=&#8221;(iii), (iv), (v)&#8221; correct=&#8221;option1&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/identify-the-years-in-which-different-phases-of-bank-nationalisation-took-place-in-india-i-1950-ii-1955-iii-1969-iv-1949-v-1980\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-16T01:17:16+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Identify the years in which different phases of Bank Nationalisation took place in India: (i) 1950 (ii) 1955 (iii) 1969 (iv) 1949 (v) 1980","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/identify-the-years-in-which-different-phases-of-bank-nationalisation-took-place-in-india-i-1950-ii-1955-iii-1969-iv-1949-v-1980\/","og_locale":"en_US","og_type":"article","og_title":"Identify the years in which different phases of Bank Nationalisation took place in India: (i) 1950 (ii) 1955 (iii) 1969 (iv) 1949 (v) 1980","og_description":"[amp_mcq option1=&#8221;(i), (ii), (iii), (iv)&#8221; 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