Question

What function does ‘Development Bank’ perform?

Answer 1

Answer:

Explanation:

Development Bank is a financial institution which is engaged in  providing different financial assistance to business units. It provides both medium and long term assistance. The assistance may be in the form of underwriting, loans, investment and guarantee operations and promotional activities.

The following are some of the functions of Development Bank:

• Provide financial assistance for the development of housing sector

• Assistance for promoting and developing small-scale industries

• Provide assistance in the field of agriculture

• Assistance for the development of large-scale industries

• Develop foreign trade

• Review the status of sick industrial units.

• Lift the backward region by developing economic activities in the region

• Bring growth in capital markets.

Hope this helps.