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What is the role of the banking sector in era of globalization?1). The role of the banking sector in era of globalization is to infuse more dollar into the Indian market so that people can afford to get dollar easily.2). The role of the banking sector in era of globalization is to act as agents of financial intermediation and fulfill the social agendas of the government.3). The role of the banking sector in era of globalization is to support the finance ministry in all its reforms and policies.4). The role of the banking sector in era of globalizationthe central bank must offer higher rates of interest for infrastructure projects. |
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Answer» The correct answer is 2. As per the passage, in today’s era of globalisation, the role of the BANKING sector is not limited to providing financial resources to the NEEDY sectors but the banks act as AGENTS of financial INTERMEDIATION and ALSO plays a major role in the fulfillment of social agendas of the Government. |
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