General Knowledge - Indian Economy - Discussion
Discussion Forum : Indian Economy - Indian Economy (Q.No. 11)
11.
If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits
Discussion:
31 comments Page 1 of 4.
Prashant said:
2 decades ago
It will remain the same, because bank do not increase the national income. So it remains the same immaterial wheather banks are there or not.
Pooja said:
1 decade ago
What is monopoly bank? please tell me.
Sundar said:
1 decade ago
Monopoly - meanings
1. Exclusive control or possession of something.
2. The exclusive possession or control of the supply or trade in a commodity or service.
3. (economics) a market in which there are many buyers but only one seller.
1. Exclusive control or possession of something.
2. The exclusive possession or control of the supply or trade in a commodity or service.
3. (economics) a market in which there are many buyers but only one seller.
Asha said:
1 decade ago
If the bank is nationalised (monopolised) then d bank will provide a low interest rate on deposits n will charge a high interest rate on loans as there will be no competition. Therefore deposits should decrease. So the answer given on d net is contradicting my concepts.
Priyanka singhal said:
1 decade ago
If all bank will be nationalised then the bank will provide a low interest rate on deposits and will charge a high interest rate on loans because there will be no competitor. So deposits should decrease and the people will not faith on their monopolised policies.
Susovan Dhara said:
1 decade ago
If all banks get converted in nationalized bank then their will be monopoly of govt so govt can decrease interest rate as their will be no competition prevailing in the market and this will lead to low deposit and hence less capital formation.
Neha said:
1 decade ago
Please tell me, what is nationalized bank means and why the banks are nationalized and what is monopoly?
I don't have any knowledge about banks and about their nationalization. So please tell me in long description.
I don't have any knowledge about banks and about their nationalization. So please tell me in long description.
RAJNI said:
1 decade ago
Monopoly means tere is only one seller of a product or service and there is no competitor of their product e. G electricity board, railways govt has monopoly in this area.
Shailesh said:
1 decade ago
ASHA and priyanka:- The PSU's in INDIA are under the govt control and since for the govt welfare of the people is the first preference it won't let the monopolistic bank to increase the interest rate at will.
Shah bhumesh said:
1 decade ago
But each bank has to deposit some margin or deposit for getting nationalized. So can anyone explian why the answer is neither increase or decrease?
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