1.

Give the importance of Banks.

Answer»
  • Banks play important role in economic development. 
  • They mobilize savings of the public. 
  • Provide loans to investors. 
  • Provide means of transfer of money. 
  • Offer higher interest rates on fixed deposit. 
  • Provide loans at lower interest rates. 
  • Provide loans for agriculture industry and services. 
  • Consumers loans, demand drafts credit and debit cards.


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