briefly describe the various facilities provided by local institutions.explain.
Answers
Explanation:
A financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange. Financial institutions encompass a broad range of business operations within the financial services sector including banks, trust companies, insurance companies, brokerage firms, and investment dealers. Virtually everyone living in a developed economy has an ongoing or at least periodic need for the services of financial institutions.
Answer:
Various facilities provided by local institutions
Explanation:
People can solve their own problems. The distribution of works will reduce the burden on the central and state-level governments. Political consciousness develops. Public welfare works can be completed quickly by the decentralization of power. People provide active and positive cooperation in government work through local self-government. Bryce explains its importance, saying that “local organizations teach people not only to work for others but also to work in tandem with it. In 1989, the PK Thungan Committee recommended the grant of constitutional status to local government bodies. The committee's recommendation was to amend the constitution to conduct elections to the institutions of local government from time to time, to decide the list of their proper functions, and to provide funds to such institutions.
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