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Give any two advantages of Nationalised Banks |
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Answer» Two advantages of nationalized banks are as follows: (i) Inter-Bank competition can be ended: There is unnecessary competition among Indian Banks which benefits no one. If all the banks are nationalised, this necessary competition will automatically come to an end. (ii) Development of Specialised Banks: There is at present acute shortage of agricultural, industrial and Indian Foreign Exchange banks in the country. If the entire banking industry is nationalised, the government will surely take steps to a developed specialised banking institution in the country. |
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