First Nationalization of Banks in India was in the year ?

Answer :- 1969
Related Facts

• 14 banks were nationalized at that time.
• Second nationalization was in the year 1980.
• 6 banks were nationalized in the second time.
• Largest public sector bank in India is SBI. It was nationalized in 1955.
• Sate Bank of India has 5 subsidiaries at present.
• Largest Private Bank in India is ICICI Bank.
• National Bank of Agriculture and Rural Development (NABARD) was set up in 1982.
• Industrial Development Bank of India (IDBI) was set up in 1964. It is the apex bank for industrial credit in India.
• RBI was established in 1935 and was nationalised in 1949. 

Who is the Chairman of National Development Council (NDC) ?

Answer :- Prime Minister of India
Related Facts

• NDC which gives final approval of planning in India was set up in 1952.
• Planning Commission was set up in 1950 and the first Five Year Plan was launched in 1951.
• Prime Minister is the Ex-officio Chairman of Planning Commission in India.
• Montek Singh Ahluwalia is the Deputy Chairman of Planning Commission.
• 12th plan period is 2012 - 2017.
• Basic objective of 12th Five Year Plan is faster more inclusive and sustainable growth.
• Growth target fixed for 12th Five Year Plan is 9%.