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What is a major argument against the privatization of commercial banks?
  • a)
    Increased government oversight
  • b)
    Enhanced competitive banking environment
  • c)
    Greater access to financial services
  • d)
    Potential reduction in employment opportunities
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What is a major argument against the privatization of commercial banks...
One major argument against privatization is the potential reduction in employment opportunities. Privately owned banks may prioritize profit maximization, which could lead to job cuts and a focus on efficiency over employee welfare. This shift can be concerning, particularly in an economy where job security is vital for overall stability.
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What is a major argument against the privatization of commercial banks?a) Increased government oversightb) Enhanced competitive banking environmentc) Greater access to financial servicesd) Potential reduction in employment opportunitiesCorrect answer is option 'D'. Can you explain this answer? for Class 10 2025 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about What is a major argument against the privatization of commercial banks?a) Increased government oversightb) Enhanced competitive banking environmentc) Greater access to financial servicesd) Potential reduction in employment opportunitiesCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 10 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is a major argument against the privatization of commercial banks?a) Increased government oversightb) Enhanced competitive banking environmentc) Greater access to financial servicesd) Potential reduction in employment opportunitiesCorrect answer is option 'D'. Can you explain this answer?.
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