What is Banking? Banking refers to the business of accepting deposits and providing loans. Banks play a crucial role in mobilizing savings and channeling them into...

1. Pre-1991 Reforms 1948 Industrial Policy: Mixed economy model (public + private sectors). 1969 Bank Nationalization: 14 major banks taken over by govt. to boost...

1. Key Characteristics of Indian Economy Mixed Economy: Blend of public (government) and private sectors. Developing Economy: High growth potential but with income...