BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Employ more and more people.
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Maximize total profits.
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Maximize total production.
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Provide financial service to the people of the nation of its origin across the country.
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Detailed explanation-1: -Objectives of Public Finance The main objective is managing the basic needs of the public like food, shelter, health, infrastructure, and education. All these are the government’s responsibilities so that the fundamental public needs are fulfilled and contribute to the development of the economy.
Detailed explanation-2: -Public finance is the study of the role of the government in the economy. It is the branch of economics that assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones.
Detailed explanation-3: -Banks contribute to economic development by mobilizing small and scattered savings of the community and disbursing those as loans among enterprises. Thus, banks perform the task of credit intermediation, and netting and settlement of payments.