Question

Types of banks
in economy

Answer 1

Answer:

• Types of Banks: They are given below:
• Commercial Banks: These banks play the most important role in modern economic organisation. ...
• Exchange Banks: Exchange banks finance mostly the foreign trade of a country. ...
• Industrial Banks: ...
• Agricultural or Co-operative Banks: ...
• Savings Banks: ...
• Central Banks: ...
• Utility of Banks:
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Answer 2

Answer:

ᴛʏᴘᴇs ᴏғ ʙᴀɴᴋs: ᴛʜᴇʏ ᴀʀᴇ ɢɪᴠᴇɴ ʙᴇʟᴏᴡ:

• ᴄᴏᴍᴍᴇʀᴄɪᴀʟ ʙᴀɴᴋs: ᴛʜᴇsᴇ ʙᴀɴᴋs ᴘʟᴀʏ ᴛʜᴇ ᴍᴏsᴛ ɪᴍᴘᴏʀᴛᴀɴᴛ ʀᴏʟᴇ ɪɴ ᴍᴏᴅᴇʀɴ ᴇᴄᴏɴᴏᴍɪᴄ ᴏʀɢᴀɴɪsᴀᴛɪᴏɴ. ...

• ᴇxᴄʜᴀɴɢᴇ ʙᴀɴᴋs: ᴇxᴄʜᴀɴɢᴇ ʙᴀɴᴋs ғɪɴᴀɴᴄᴇ ᴍᴏsᴛʟʏ ᴛʜᴇ ғᴏʀᴇɪɢɴ ᴛʀᴀᴅᴇ ᴏғ ᴀ ᴄᴏᴜɴᴛʀʏ. ...

• ɪɴᴅᴜsᴛʀɪᴀʟ ʙᴀɴᴋs: ...

• ᴀɢʀɪᴄᴜʟᴛᴜʀᴀʟ ᴏʀ ᴄᴏ-ᴏᴘᴇʀᴀᴛɪᴠᴇ ʙᴀɴᴋs: ...

• sᴀᴠɪɴɢs ʙᴀɴᴋs: ...

• ᴄᴇɴᴛʀᴀʟ ʙᴀɴᴋs: ...

• ᴜᴛɪʟɪᴛʏ ᴏғ ʙᴀɴᴋs: