Which of the following can be identified as the proper sequence of banking sector phases in India?
1. It was under private sector control.
2. There was social control.
3. Nationalization happened.
4. There was deregulation.
A. 2, 3, 1, 4
B. 1, 2, 3, 4
C. 2, 1, 3, 4
D. 1, 3, 4, 2
Answer: Option B
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