what is the role of bank in economic development of a country
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Banks play a very useful and crucial role in the economic life of every nation. They have control over a large part of the supply of money in circulation, and they can influence the nature and character of production in any country. In order to study the economic significance of banks, we have to review the general and important functions of banks.
1) Removing the deficiency of capital formation
2) Provision of finance and credit
3) Extension of the size of the market
4) Act as an engine of balanced regional development
5) Financing agriculture and allied activities
6) For improving the standard of living of the people
Hope this answer will help you !!!
1) Removing the deficiency of capital formation
2) Provision of finance and credit
3) Extension of the size of the market
4) Act as an engine of balanced regional development
5) Financing agriculture and allied activities
6) For improving the standard of living of the people
Hope this answer will help you !!!
sunny5154:
nice ans
thank uu
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