Nationalisation of banking sector and its objectives
Answer»
The following points may help you:
a. Banking sector is part of tertiary or service sector and is a medium of MAKING accepting deposits and lending money to the public. b. It is the service that they offer to public and help in the production of goods and services, also in trade by OFFERING money. c. BANKS offer the service of granting LOANS against the collateral . d. Banks give reasonable AMOUNT of interest on the money deposited.