What is the role of banks in the development of the economy?



What is the role of banks in the development of the economy?..

Answer / Yashdeep Rajak

Banks play a crucial role in economic development by providing loans to individuals, businesses, and governments for investment purposes. This encourages economic growth through increased production, job creation, and income generation. Banks also act as intermediaries between savers (depositors) and borrowers (investors), facilitating the movement of funds from surplus units to deficit units. They provide various financial services such as payment and settlement systems, foreign exchange transactions, and custody of securities.

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Banking Finance Interview Questions

Which was the regulatory authority before SEBI?

1 Answers   SEBI,


What is the difference between micro finance and micro credit?

1 Answers  


hi i m tarun from gr.noida i m p.g.d.m.(finance)i want know what is the work as a finace and what is the differernt between c.a&m.b.a.(finance)my id tarun.atul@gmail.com hai. (

1 Answers  


what is difference between revenue deficit and fical deficit ?

4 Answers  


What is foreign exchange?

1 Answers   State Bank Of India SBI,


Consider the following data for a particular period: Portfolio (P) market (M) ---------------------------------------------------- ----- Average return 35 % 28 % Beta 1.2 1.0 Standard deviation 4.2 % 30 % Non-systematic risk 18 % ---- Calculate the following performance measures for portfolio (P) and the market (M) by using Sharpe, Jensen and Treynor methods. The T-bill rate during the period was 6 % by which measures did portfolio P outperform the market $

1 Answers  


What is your perception of Development Officer as a Career?

1 Answers   LIC, RBI,


What is agricultural income & how is agricultural income is totally exempt from tax (ref sec.10(1) of incimetax act)?

1 Answers  


What Is This Exercise Really Testing?

1 Answers  


Is the leader and manager same for any organization?

1 Answers   IBPS,


financial managers are responsible for obtaining and using funds in a way that will maximize the value of the firms. Please explain.

1 Answers  


How is cheque is different from boe?

1 Answers  


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)