Discuss the role of banks in the economic development of a country.

Open in App

Solution

1) Stimulating savings and investment : The role of banks in economic development is to remove the deficiency of capital by stimulating savings and investment.

2)Mobilizing savings : A sound banking system mobilizes the small and scattered savings of the community, and makes them available for investment in productive enterprises.

Suggest Corrections

Similar questions

Discuss in small groups.

The economic well-being of a country depends on a balanced development of the villages and the cities.

Join BYJU'S Learning Program