what are the important constituents of the institutional setup of India?
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Explanation:
Features of Financial System:
It plays a vital role in economic development of a country.
It encourages both savings and investment.
It links savers and investors.
It helps in capital formation.
It helps in allocation of risk.
It facilitates expansion of financial markets.
It aids in Financial Deepening and Broadening.
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The important constituents of the institutional setup:
- It plays a vital role in a country's economic development. It fosters bot savings and investment. It is a link between savers and investors. It helps with the development of the property.
- It deals with liability management. This promotes financial market growth. It helps to deepen and broaden the financial system. It facilitates trade and also specialization in the production. Many short term loans are provided by the cooperative and commercial banks.
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