Banks are fully private organization that deals with immigration and external affair of country.
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B
Banks are government organization that takes care of law and order in the society.
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C
Banks are fully private organization that deals only in education sector.
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D
Banks are government recognized institution that carries out transactions of money.
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Solution
The correct option is D Banks are government recognized institution that carries out transactions of money. A bank is a government recognized organisation that facilitates the transaction of money.