Current Affairs

GK MCQs Section
Q. Why were Banks nationalised in India?
Answer: To provide the government of India more control of credit delivery
Notes: The Banks were nationalised in India to provide the government of India more control of credit delivery and further economic development.
Question Source: 📚This question is part of Banking Awareness - 2025-26 course in GKToday's Android Application. The Course comprises 2400+MCQs on Banking & General Financial Awareness with explanation for All Banking Exams of 2025-26 such as IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking Examinations. Download the app here.
📌 Question Number: 5 in Nationalization of Banks in the above course in App.