'bank is the foundation of modern trade and industries ', comment.
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the bank is foundation for all modren trades and industrial marketing because it gives loans and insurance to the marketing industrial action
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Bank is the foundation of modern trade and industries as :
- They provide the initial funds to gather resources at the starting of a business.
- Commercial banks help in arranging capital from the public.
- They also help exporters by collecting money for them through importers.
- They perform tasks like collection of cheques, discounting of bills, remittance of funds, providing credit and overdraft facilities, giving loans and advances for traders and businessmen.
- They channelize savings of individuals to manufacturers.
- They manage the commercial activities.
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