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Liberalisation, Privatisation And Globalisation — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsLiberalisation, Privatisation And Globalisation1 Mark
Question
What do you understand by 'financial institutions'?
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Answer

The institutions that engage in mobilisation and allocation of savings like commercial banks, developmental banks and investment institutions are known as financial institutions.

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