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Class 9HistorySocialism in Europe and the Russian RevolutionWhat Changed after October?ExpertLevel 30
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By nationalising banks, which economic principle did the new government want to apply?

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Answer and explanation

Correct answer: State control over financial resources

Banks were brought under state control instead of private profit. Exam tip: connect nationalisation with socialist economic policy.

Related tags

BanksNationalisationState Control

Frequently asked questions

What is the correct answer to this question?

State control over financial resources

Why is this the correct answer?

Banks were brought under state control instead of private profit. Exam tip: connect nationalisation with socialist economic policy.

Which subject and chapter does this question cover?

This is a Class 9 History question. Chapter: Socialism in Europe and the Russian Revolution. Topic: What Changed after October?.

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10 more MCQs
  1. 1The capture of the Winter Palace in October 1917 was linked with the end of which power?
  2. 2What name did the Bolshevik Party later take?
  3. 3Which power became stronger after Bolshevik victory in the Civil War?
  4. 4What did the capture of the Winter Palace in October 1917 symbolise?
  5. 5What was the purpose of the land decree soon after Bolshevik power?
  6. 6Why did the Bolsheviks issue the Land Decree after gaining power?
  7. 7The establishment of Cheka shows which tendency of Bolshevik rule?
  8. 8Abolishing old noble titles showed which sign of the Bolshevik social programme?
  9. 9What feature of Bolshevik strategy is shown by the formation of the Military Revolutionary Committee?
  10. 10The rise of workers' and soldiers' councils in the Russian Revolution indicated which social change?
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