Indian-Economy
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Q.

Who described the nationalization of banks in India in 1960’s a "masterstroke of political sagacity."?

 A.

Radheshyam Rungta

 B.

Jayapraskash Narayan

 C.

Santosh Kumar Das

 D.

Indira Gandhi

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Solution:
Option(B) is correct

Jayaprakash Narayan, a national leader of India, described the step as a "masterstroke of political sagacity."

Within two weeks of the issue of the ordinance, the Parliament passed the Banking Companies (Acquisition and Transfer of Undertaking) Bill, and it received the presidential approval on 9 August 1969.


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