SSC MCQ Question Ans. Banking Business and Types

SSC MCQ Question Ans. Banking Business and Types. Students will have an idea about the formation of banks, their scopes, objectives, and management system from this chapter. A brief concept of different types of the banking system has been disseminated here by classifying them.   Besides,   an idea of governmental and non-governmental banking management has also been given in a limited scope. This chapter will also be useful to have a primary concept of banking.

SSC MCQ Question Ans. Banking Business and Types

Size, structure, objectives, and formation of the banking system have changed a lot with the progress of time. Banking has passed through different phases of change namely traditional banking, modern banking and electronic banking. Besides, in a competitive market, innovative banking products and services are being provided to adapt to the need of the generation and clients.

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