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प्रश्न
What is one important contribution of foreign banks operating in India?
पर्याय
They focus only on rural credit
They brought modern banking technology and increased competition
They replaced all public sector banks
They are restricted to government transactions only
MCQ
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उत्तर
They brought modern banking technology and increased competition
Explanation:
Foreign banks, as subsidiaries or branches of foreign-incorporated banks, helped introduce the latest banking technology and practices, making Indian banking more competitive and efficient.
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