Question

How would you like to explain the role of Financial Institutions for the

development of different sectors of Indian economy?​

Answer 1

Answer:

Here financial institutions like banks play a major role. They allow depositors invest money in various deposits like FDs and RDs by offering attractive rates of interest. ... Banks help in the allocation of resources across different sectors of the economy.

Answer 2

Answer:

Here financial institutions like banks play a major role. They allow depositors invest money in various deposits like FDs and RDs by offering attractive rates of interest. ... Banks help in the allocation of resources across different sectors of the economy.