Question

Suggest measures to overcome the demerits of unit banking system.

Answer 1

Answer:

1. no distribution of risk

2. inability to face crisis

3. lack of specialisation

Answer 2

Measures to overcome the demerits of unit banking system are:

•Development of banking services in rural areas.

•To manage financial difficulties,more branches should be opened .

•Unit banking system is suitable for small scale purposes and can be used for easy management.

•Unit banking system is the type of system in which banks don't open any of its branches and works independently.