Identify the source of borrowed fund with the help of following points:
• It is a Short term finance
• It is granted to manufacturer by the supplier of raw materials, inputs, spare parts etc.
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Question:
Financial institutions aim at promoting the industrial development of a country, these
Answer:
For which, the government has established financial institutions all over the country to provide finance to businesses. These institutions aim at promoting the industrial development of a country and are called 'development banks'.
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