Nationalization aimed to make banking a tool for socio-economic development and planned economic growth by giving the government control over credit allocation.
Why were Banks nationalised in India ? 1. To borrow money from USA 2. To follow the IMF guidelines 3. To provide the Government of India more control of credit delivery Select the correct answer using the code given below:
Asked in UPSC Combined Section Officer 2024 · Topic: Money & Banking (Commercial Banking: Structure, Functions, and Recent Reforms in India)
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