Question

role of a bank in socio-economic development of a Country ​

Answer 1

The banks play an important role in the creation of new capital (or capital formation) in a country and thus help the growth process.

Banks arrange for the sale of shares and debentures. Thus, business houses and manufacturers can get fixed capital with the aid of banks. There are banks known as industrial banks, which assist the formation of new com­panies and new industrial enterprises and give long-term loans to manu­facturers.

hope it helps uhh ✌❤

Answer 2

Answer:

The roles are :

a)It offers loans to people.

b)It offers loans to industries.