Unit-5 Monetary and Financial Resources

This unit discusses these aspects which have a crucial bearing on the flow of monetary and financial resources needed for the development of the economy.

Mention the factors that are responsible for the growing share of financial assets in the household savings in India.

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Learning Pundits Content Team

Written on Jun 26, 2019 3:46:11 PM

Financial Assets: This takes the form of currency, bank deposits, shares and debentures, claims on government, mutual funds, national savings certificates, life insurance funds and provident and pension funds.

Improvement in the share of financial assets during this period are attributed to:

i) Increase in household income that has taken place due to economic development and the accompanying distribution and consumption factors.

ii) Expanded infrastructure of banking and other facilities providing increased access to greater segments of the population.

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