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M: +2.00/-0.50

Consider the following statements :

1. Gorewala Committee’s recommendation led to the establishment of State Bank of India.

2. Six Commercial Banks were nationalized on April 15, 1980.

Which one of the statements given above is/are correct ?

U.P.P.C.S. (Spl.) (Mains) 2004

[Fiscal Policy, Inflation Planning and Banking]
A
B
C
D

EXPLANATION

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