1913-1917 Banking Crisis ended in 1949

Q.  When did the banking crisis of 1913-1917 end?
- Published on 20 Jul 15

a. 1917
b. 1949
c. 1955
d. 1959

ANSWER: 1949
 
The banking crisis of 1913-1917 and the failure of 588 banks in various states during the decade ended in 1949. It underlined the need for the regulation and coordination of commercial banks.

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