Which of the following can be considered as the function of commercial bank for economic development and social welfare of the country?

1. Capital formation
2. Emphasis on the development of urban sector
3. Implementation of fiscal policy
4. Employment opportunities

A and D

Commercial banks focus on the development of rural sector as the majority of population in India is residing in the rural area. Commercial banks assist the RBI in effective implementation of the monetary policy and not fiscal policy. Fiscal policy which involves expenditure and taxation related policies.