Question

What is the role of bank in the eastablishment of industries From class 10

Answer 1

1. bank collects money from individuals and lends it to business people and manufacturers
2. the manufacturers use this money to buy raw material and other necessary things required for industries
3. these industries cherish and gain loads of profits the return the money taken from the bank with lots of interest
4. this way the individual get their money with interest when saving in banks
5. banks arrange for the share of shares and debentures thus, business houses get fixed capital with the help of banks
6. banks can expand a lot of money as per demand for e.g when business expands lots of money is needed for transactions this money is provided by the banks

etc... (conclude)

hope it helps