Question

Study the following table, figure, and passage, and answer the questions given below it.

Commercial banks act as intermediaries in the country's financial system to bring savers and investors together. They are profit-seeking financial institutions. Due to bank nationalisation in 1969, there was an increase in Loan disbursement in urban and rural areas. Agriculture and retail traders started getting more loons. Those sectors which were not getting Loons before 1969, started getting loons in post nationalisation period. After the nationalisation of the bank branch expansion took place. There has been diversification in the functions of banks. Commercial Banks are providing different types of services like safe deposit lockers, D-mat facilities, internet banking, mobile banking, etc.

1. Write any two benefits of bank nationalisation.
2. Write various services provided by banks.
3. Write your opinion about the above passage.

Answer 1

1. (a) Increase in loan disbursement in urban and rural areas.
(b) Agriculture and retail traders started getting more loons.

2. Safe deposit boxes are among the services that banks offer. D-mat services, online and mobile banking, etc.

3. In order to connect depositors and investors in the nation's financial system, commercial banks serve as mediators in this route. Prior to 1969, those industries that did not receive loans began to do so after nationalisation. Commercial banks began offering a variety of services, such as safe deposit boxes, D-mat rooms, Internet banking, and mobile banking, among others.