Question

Explain the development of Banking Sector Under British Government during the 20th Century.

Answer 1

The development of British banking sector is as follows:-

1) The British govt. used to implement a large amount of taxes on the peasents and landless labours,thus they got a great income through it.

2)The banking sector during the reign of British was not very safe, the money was stolen from the bank easily and thus the common used to suffer through it.

3)people were not so often at keeping their money in banks (as they didn't trusted them) so the banking sector was not as popular as that day then today it is.

conclusion:- from the above points we could conclude that banking sector was a bit in struggle during the British reign.

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