Consider the following institutions:
1. Coal India Limited
2. Air India
3. Reserve Bank of India
4. General Insurance Corporation of India

How many of these institutions were nationalized after the commencement of the Constitution of India?
(a) Only one
(b) Only two
(c) Only three
(d) All four

Question

Consider the following institutions:
1. Coal India Limited
2. Air India
3. Reserve Bank of India
4. General Insurance Corporation of India

How many of these institutions were nationalized after the commencement of the Constitution of India?
(a) Only one
(b) Only two
(c) Only three
(d) All four

ONLiNE UPSC · Accepted Answer

Coal India Limited (CIL)

	Nationalization Date: The coal sector in India was nationalized in two phases in 1971 and 1973, which led to the formation of Coal India Limited in 1975. Hence, it is correct.

Air India


	Nationalization Date: Originally founded by the Tata Group, Air India was nationalized in 1953 through the Air Corporations Act. Hence, it is correct.

Reserve Bank of India (RBI)


	Nationalization Date: RBI was established in 1935 and was nationalized on January 1, 1949, before the Constitution came into force (which was on Jan 26, 1950). Hence, it is not correct.

General Insurance Corporation of India (GIC)


	Nationalization Date: GIC was set up in 1972 after the general insurance business was nationalized under the General Insurance Business (Nationalisation) Act, 1972. Hence, it is correct.

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M Question 1	⏱ 0
Consider the following institutions: 1. Coal India Limited 2. Air India 3. Reserve Bank of India 4. General Insurance Corporation of India How many of these institutions were nationalized after the commencement of the Constitution of India? (a) Only one (b) Only two (c) Only three (d) All four