Question

How public sector bank are important for the development of economy as well as society

Answer 1

Answer:

The banking activity means accepting of deposits of money from public, for the purpose of lending or investment. Banks contribute to economic development by mobilizing small and scattered savings of the community and disbursing those as loans among enterprises.

Answer 2

Answer:

The banking activity means accepting of deposits of money from public, for the purpose of lending or investment. Banks contribute to economic development by mobilizing small and scattered savings of the community and disbursing those as loans among enterprises.

Explanation:

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