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Which of the following banks were nationalized in 1980?
  • a)
    Andhra Bank
  • b)
    Vijaya Bank
  • c)
    Corporation Bank
  • d)
    All the above
Correct answer is option 'D'. Can you explain this answer?
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Which of the following banks were nationalized in 1980?a)Andhra Bankb)...
The other 3 banks are Punjab and Sind Bank, New bank of India and Oriental Bank of Commerce.
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Which of the following banks were nationalized in 1980?a)Andhra Bankb)...
Nationalization of Banks in 1980
Nationalization of banks in India took place in two phases - first in 1969 and then in 1980. In 1980, the government of India nationalized six more banks to further strengthen the banking sector and promote financial inclusion.

Andhra Bank
- Andhra Bank was one of the banks that were nationalized in 1980.
- This move aimed to increase the outreach of banking services to rural areas and promote economic growth.

Vijaya Bank
- Vijaya Bank was another bank that was nationalized in 1980.
- The nationalization of Vijaya Bank was part of the government's efforts to ensure the availability of financial services to all sections of society.

Corporation Bank
- Corporation Bank was also nationalized in 1980.
- The nationalization of Corporation Bank was a strategic decision to expand the reach of banking services and promote financial stability.

All the above
- Therefore, the correct answer is "All the above" as all three banks - Andhra Bank, Vijaya Bank, and Corporation Bank were nationalized in 1980.
- This move played a crucial role in strengthening the banking sector and fostering economic development in India.
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Which of the following banks were nationalized in 1980?a)Andhra Bankb)Vijaya Bankc)Corporation Bankd)All the aboveCorrect answer is option 'D'. Can you explain this answer?
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