BANKING AFFAIRS

Detailed explanation-1: -Responsibility-is the duty of the person to complete the task assigned to him. A person who is given the responsibility should ensure that he accomplishes the tasks assigned to him. If the tasks for which he was held responsible are not completed, then he should not give explanations or excuses.

Detailed explanation-2: -The generally accepted meanings of these two above words are as follows: duty is an obligation that one has to fulfill and responsibility is the act of accepting and acting on a task that has been assigned to you. However, in English grammar, the words ‘duty’ and ‘responsibility’ are often used interchangeably.

Detailed explanation-3: -Responsibility is the duty to complete the given task. Responsibility is the obligation of a subordinate to properly perform the assigned duty.

Detailed explanation-4: -Duty Comes From Those in Authority, and Responsibility Comes From Oneself. A duty is something you have to do because someone in authority has told you to do it. For example, if your boss tells you to do something, it’s your duty to obey that command.

Detailed explanation-5: -Authority is the power delegated by senior executives to assign duties to all employees for better functioning. Responsibility is the commitment to fulfill a task given by an executive. Accountability makes a person answerable for his or her work based on their position, strength, and skills.