n NISM Certifications
X NISM Series X
Medium

What role do banks play in the economy as a channel?

Practice question from NISM Series XB- Investment Adviser (Level 1) Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    They act as stock brokers

  2. B

    They aggregate accounts

  3. They mobilize savings and lend funds

    Correct answer

  4. D

    All of the above

Why this is the answer

Banks are the primary channel for collecting savings and extending credit, facilitating economic activity.

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