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    Question

    Which of the following is true about role of Banks ?

    I. It encourages savings habit amongst people and thereby makes funds available for productive  use. II. It acts as an intermediary between people having surplus money and those requiring money  for various business activities.
    A Only I is true. Correct Answer Incorrect Answer
    B Only II is true Correct Answer Incorrect Answer
    C Both I & II are true Correct Answer Incorrect Answer
    D None is true Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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