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In 1969, which Finance Minister presented the Union Budget that proposed the nationalization of 14 major Indian banks?
  • a)
    Morarji Desai
  • b)
    Indira Gandhi
  • c)
    Y.B. Chavan
  • d)
    C.D. Deshmukh
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
In 1969, which Finance Minister presented the Union Budget that propos...
Union Budget of 1969


  • Finance Minister: Indira Gandhi

  • Proposal: Nationalization of 14 major Indian banks

  • Significance: This move was aimed at bringing about social welfare and reducing economic disparities in the country.

  • Impact: The nationalization of banks played a crucial role in expanding the reach of banking services to rural areas and promoting financial inclusion.

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In 1969, which Finance Minister presented the Union Budget that proposed the nationalization of 14 major Indian banks?a)Morarji Desaib)Indira Gandhic)Y.B. Chavand)C.D. DeshmukhCorrect answer is option 'B'. Can you explain this answer?
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