1.

How do the banking sector support the development plans?1). The banking sector support the development plans by selecting the branch manager from the under developed areas.2). The banking sector support the development plans by channelizing funds,intermediating flow of funds from surplus to deficit units and supporting the policies of the government.3). The banking sector support the development plans by taking loans from the foreign countries.4). The banking sector support the development plans by by enhancing an open economy that allows the flow of foreign investments.

Answer»

The correct answer is 2.

As per the passage, the banking sector is an indispensable financial service sector supporting development plans through channelizing funds for a PRODUCTIVE PURPOSE, a intermediating flow of funds from SURPLUS to deficit units and supporting financial and economic policies of the GOVERNMENT.



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