Question

how do banks play an important role in the economy of India?explain using five points. ​

Answer 1

Explanation:

ii) They provide a safe way of depositing and saving money to the people.

iii) They help reduce poverty by providing employment opportunities to the people who have less skills and low capital.

iv) Banks give people the facility of payment of an amount through cheques

Answer 2

Answer:

hey mate here is your answer

Banks play a very important role in the Indian Economy as they provide Credit at cheaper rates to people. Banks help people to save their money and receive an added advantage by getting an extra amount, That is for saving the money in their bank, the depositor gets a % of it added in his bank account.

Explanation:

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