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luda_lava [24]
3 years ago
12

What is the role played by a bank in the economic development of Nepal?​

Social Studies
1 answer:
Alexxandr [17]3 years ago
6 0

Answer:

The banking system plays an important role in the modern economic world. Banks collect the savings of the individuals and lend them out to business- people and manufacturers. ... Thus, the banks play an important role in the creation of new capital (or capital formation) in a country and thus help the growth process.

Explanation:

Banks play an important role in capital formation, which is essential for the economic development of a country. They mobilize the small savings of the people scattered over a wide area through their network of branches all over the country and make it available for productive purposes

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Why did Britain tax the colonists and why did the colonists protest against these taxes?
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1 = Furthermore, the French and Indian War had cost the British treasury £70,000,000 and doubled their national debt to £140,000,000.

2= However, during World War I the British Government was forced to borrow heavily in order to finance the war effort. ... During the Great Depression Britain ceased payments on these loans, but outstanding bonds such as the War Loan were finally paid off in 2015.

3= Britain also needed money to pay for its war debts. The King and Parliament believed they had the right to tax the colonies. They decided to require several kinds of taxes from the colonists to help pay for the French and Indian War. ... They protested, saying that these taxes violated their rights as British citizens.

4= The Royal Proclamation of 1763 was issued by King George III on October 7, 1763, following Great Britain's acquisition of French territory in North America after the end of the Seven Years' War.[1] It forbade all settlement west of a line drawn along the Appalachian Mountains, which was delineated as an Indian Reserve.[2] Exclusion from the vast region of Trans-Appalachia created discontent between Britain and colonial land speculators and potential settlers. The proclamation and access to western lands was one of the first significant areas of dispute between Britain and the colonies and would become a contributing factor leading to the American Revolution.[3]The Royal Proclamation of 1763, Library and Archives Canada A portion of eastern North America; the 1763 "proclamation line" is the border between the red and the pink areas. The Royal Proclamation continues to be of legal importance to First Nations in Canada. The 1763 proclamation line is similar to the Eastern Continental Divide's path running northwards from Georgia to the Pennsylvania–New York border and north-eastwards past the drainage divide on the St. Lawrence Divide from there northwards through New England.

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6= The Stamp Act of 1765 was an Act of the Parliament of Great Britain which imposed a direct tax on the British colonies in America and required that many printed materials in the colonies be produced on stamped paper produced in London, carrying an embossed revenue stamp.

Repealed: 18 March 1766

Repealed by: Act Repealing the Stamp Act 1766

Royal assent: 22 March 1765

Relates to: Declaratory Act

Territorial extent: British America and the British West Indies

Citation: 5 George III, c. 12

Commencement: 1 November 1765

7= The Stamp Act was passed on March 22, 1765, leading to an uproar in the colonies over an issue that was to be a major cause of the Revolution: taxation without representation. Enacted in November 1765, the controversial act forced colonists to buy a British stamp for every official document they obtained.

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The committees promoted patriotism and home manufacturing, advising Americans to avoid luxuries, and lead a more simple life. The committees gradually extended their power over many aspects of American public life. They set up espionage networks to identify disloyal elements, displaced the royal officials, and helped topple the entire Imperial system in each colony. In late 1774 and early 1775, they supervised the elections of provincial conventions, which took over the actual operation of colonial government

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