Advertisements
Advertisements
Question
Which of the following is the primary purpose of loan activities offered by banks?
Options
To compete with other financial institutions
To generate profits for the primary sector only
To increase income of MNCs
To support economic growth
MCQ
Solution
To support economic growth
Explanation:
Banks contribute to economic growth by offering loans to individuals, businesses, and governments, fostering investment and consumption, and boosting overall economic activity.
shaalaa.com
Is there an error in this question or solution?
