Question

The act of taking a bank owned by private sector to public ownership of a national government is known as

• A. Privatization
• B. Bank Nationalization
• C. Deregulation
• D. Monetization

Answer 1

Answer:

B. Bank Nationalization

Bank Nationalization:

Nationalization of banks is an act of, taking a bank owned by private sector into the public ownership of a national government, by purchasing majority (51%) of stakes.

Objectives:

• Facilitate social progress by streamlining the functioning of banks