Question

Fourteen banks were nationalised on 19th July, 1969 by Prime Minister
a) Indira Gandhi b) Morarji Desai c) Rajiva Gandhi
d) V.P Singh​

Answer 1

option a) Indira Gandhi

Answer 2

Answer:the end, it was politics that trumped economics in 1969 when Prime Minister Indira Gandhi nationalised 14 banks. She had been under pressure from older, more experienced hands within the party (known as the Syndicate) who wanted banks to be nationalised to neutralise them. Their argument was that the banking sector was not working rapidly enough in spreading credit availability across the country. 

Explanation: