Question

3)Two years back Kushal had joined a branch of Axis Bank as Business development

manager. Whereas, his younger brother Krishna has recently joined State Bank of India

as Probationary Officer in Chennai. While discussing their job experiences both the

brothers realised that the working of the two banks varies primarily because they belong

to different sectors of the economy. However, on certain parameters the approach of

both the banks is similar, offering a higher rate of interest on fixed deposits, ensuring

safety and security in net banking and so on.

a) Identify the two sectors being highlighted above by quoting the lines.

b) State any two differences between the two sectors as identified in( a) above​

Answer 1

a) Identify the two sectors being highlighted above by quoting the lines.

• Kushal works as a Business development manager in Axis Bank - Axis bank is a Private Sector.

• Krishna works as a Probationary Officer in the State Bank of India - The State Bank of India is a Public Sector Bank.

• Therefore, the two sectors identified in the passage are the Private Sector and Public Sector Banks.

b) State any two differences between the two sectors as identified in (a) above.

• The major difference between the Private sector and the Public sector bank is:

• Public Sector Banks are owned by the government, which benefits the nation's financial security.

• Private Sector Banks are owned by private individuals and most of their share is held by the private shareholders.