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Class 9HistorySocialism in Europe and the Russian RevolutionWhat Changed after October?ExpertLevel 28
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Which basic direction of Bolshevik economic policy is clear from nationalisation of banks?

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Answer and explanation

Correct answer: State control over financial resources

Bank nationalisation brought finance under state control. Exam tip: connect nationalisation with socialist reorganisation.

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?

Bank nationalisation brought finance under state control. Exam tip: connect nationalisation with socialist reorganisation.

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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