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Commerce · Q405

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 405

Q405

Which of the following statement is incorrect?

A.
Using bank as tool of social welfare was the objective behind nationalisation of banks in India
B.
Expansion of bank branch specially in rural area was the objectly behind nationalisation of bank in India
C.
Non-priority sector lending was the objective behind nationalisation of banks in India
Answer
D.
Speed up economic growth was the objective behind nationalisation of banks in India

Answer: Option C

Solution

Answer: Option C
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