Solve
Guides
You visited us 0 times! Enjoying our articles? Unlock Full Access!
Open in App
Solution
Verified by Toppr
Financial institutions are also known as development banks because these institutions provide long and medium-term loans for the development and growth of industry.
Was this answer helpful?
Similar Questions
Q
1
Why are the financial institutions also known as Development Banks?
View Solution
Q
2
All financial institutions can also be termed as banking institutions
View Solution
Q
3
These institutions aim at promoting the industrial development of a country, they are also known as_________________ banks.
View Solution
Q
4
___ is/are issued by commercial banks or developmental financial institutions to individuals, institutions, cooperations, and companies.
View Solution
Q
5
Why do banks or financial institutions demand collateral security?
View Solution
