Question

Advantages and disadvantages of nationalisation of banks in india

Answer 1

Advantage:-
♥ Safeguards the interests of Laborers. ♥Technical efficiency and lower cost of production.
♥Cooperation and prosperity for all.♥Increased earnings of the State.♥Control over prices of war supplies.♥Employment opportunities.
♥Economic and political growth:
Disadvantage:-
♡Lack of individual initiative.