One significance of commercial banks is that they promote balanced geographical distribution of bank branches in backward areas2 pointsTRUEFALSE
Question
One significance of commercial banks is that they promote balanced geographical distribution of bank branches in backward areas2 pointsTRUEFALSE
Solution
TRUE. One of the significant roles of commercial banks is to promote a balanced geographical distribution of bank branches, including in backward or underdeveloped areas. This helps in the economic development of these areas by providing necessary financial services and promoting financial inclusion.
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