Q.No.3 :- Discuss the importance of banking sector in economic development of Nepal

         COME    PIPE   RID    R

®    Capital Formation

®    Optimum utilization of resources

®    Monetization of economy

®    Encouragement to entrepreneurial innovative

®    Promotion of growth and stability

®    Implementation of monetary policy

®    Promotion of trade and industry

®    Encouragement to right type of business

®    Regional Development

®    Influencing of economic activity

®    Development of agricultural and other deprived sectors

®    Replacement of informal lending

 

 Q.No.2 :- Describe the major functions of Bank

Primary Functions	Secondary Functions
Acceptance of Deposits	i)                   Agency functions
Advancing of Loans   -          Cash credit -          Overdraft -          Working capital -          Terms loans -          Hire purchase loans -          Others	ii)                 General utility services   -          Locker facility -          Travelers cheque and credit loans -          Letter of credit -          Collection of statistics -          Acting Referee -          Underwriting Securities -          Gift cheques -          Accepting bill of exchange on behalf of customers -          Merchant Banking
Creation of credit
Clearing of cheques
Financing of foreign trade
Remittance of Funds