Q.N. 1 :- Discuss Banking concept and evolution of Banking in Nepal.
A bank can be defined as a financial intermediary that bridges that bridges the gap between surplus unit and deficit facing unit.
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The Word “Bank” derived from |
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Latin |
Bancus |
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Italian |
Banca |
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French |
Banque |
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German |
Bank |
According to Walter Leaf,
“A bank is a person or corporation which holds itself out to receive from the public, deposits payable on demand by cheque.”
The evolution of banking in Nepal is describe below:
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