Question

The first phase of development of the banking sector lasted from

• A. 1750 to 1947
• B. 1800 to 1950
• C. 1969 to 1991
• D. 1770 to 1969

Answer 1

Answer:

D. 1770 to 1969

The development of the banking sector can be divided into three phases

• Phase I : The first phase, It lasted from 1770 to 1969.
• Phase II : Nationalization phase from 1969 onwards. It lasted until 1991.
• Phase III : The liberalization or banking sector reform phase. It started in 1991 and continues to flourish till date.