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Complete the following statement: Commercial banks act as intermediaries in the financial system to ___________. - Economics

MCQ
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Complete the following statement:

Commercial banks act as intermediaries in the financial system to ___________.

Options

  • make profits

  • accelerate the country's economic growth

  • mobilize the savings and allocating them to various sectors of the economy

  • control the credit

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Solution

Commercial banks act as intermediaries in the financial system to mobilize the savings and allocating them to various sectors of the economy.

Concept: Structure of Money Market in India - Organized Sector
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APPEARS IN

Balbharati Economics 12th Standard HSC Maharashtra State Board
Chapter 9 Money Market and Capital Market in India
Exercise | Q 1. (4) | Page 91
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