What are functions of Banks and how does banking affect the economy of the country?



What are functions of Banks and how does banking affect the economy of the country?..

Answer / Sonika Kumari

Functions of banks include accepting deposits, lending money, providing payment services, facilitating trade, investing surplus funds, and acting as intermediaries between savers and borrowers. Banking affects the economy by mobilizing savings, allocating credit, promoting investment, reducing risk, and providing financial stability.

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Banking Finance Interview Questions

Give an example of Vertical combination,Horizental Combination of Merger?

1 Answers  


is there any course conducted for nse intra trading and what are the basic technical analyis for nifty?i alos want to know how to learn the charts in nse?

1 Answers  


Will Donald Trump's Presidential Election affect the Indian economy?

1 Answers   IBPS,


What is financial management?

6 Answers  


What are the different types of 'Fixed Deposits'?

1 Answers  


hiiiii Respected sir/madam gd morning sir/Madam Can you please give me following questions of answer.? 1) what is the main difference between Current Assests and Fixed Assests? 2) working capital Management? why? which steps requried for working capital management at the statring day of the any type of business? 3) Ratio analysis? why? (Note: 1,on the above questions of answer the following points are exculded) 1) object 2) theory 3) features (Note :2,on the aove questions of answer the follwing points are inculded) 1) Practical oriented 2) aspects of business please reply..................

1 Answers   Mercedes Benz,


Tell the difference between cheque and demand draft?

1 Answers   IBPS,


What is Bond?

6 Answers  


what are all the things will consider while doing sensitivity analysis?

1 Answers   Eureka Forbes,


How is the RBI Lender of last resort?

1 Answers   State Bank Of India SBI,


What is European Market?

2 Answers  


What are the latest developments in banks?

1 Answers   RBI,


Categories
  • Business Administration Interview Questions Business Administration (517)
  • Marketing Sales Interview Questions Marketing Sales (1279)
  • Banking Finance Interview Questions Banking Finance (3208)
  • Human Resources Interview Questions Human Resources (747)
  • Personnel Management Interview Questions Personnel Management (68)
  • Hotel Management Interview Questions Hotel Management (29)
  • Industrial Management Interview Questions Industrial Management (113)
  • Infrastructure Management Interview Questions Infrastructure Management (14)
  • IT Management Interview Questions IT Management (97)
  • Supply Chain Management Interview Questions Supply Chain Management (16)
  • Operations Management Interview Questions Operations Management (39)
  • Funding Interview Questions Funding (79)
  • Insurance Interview Questions Insurance (494)
  • Waste Management Interview Questions Waste Management (1)
  • Labor Management Interview Questions Labor Management (48)
  • Non Technical Interview Questions Non Technical (73)
  • Business Management AllOther Interview Questions Business Management AllOther (546)