BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Branch with two staff members
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These Branches may be set up between the base branch and BC locations so as to provide support to about 8-10 BC Units at a reasonable distance of 3-4 kilometres
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An ATM with cash payment and cash deposit
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Branch controlled by gram panchayat
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Detailed explanation-1: -The concept of financial inclusion was first introduced in India in 2005 by the Reserve Bank of India. The objectives of financial inclusion are to provide the following: A basic no-frills banking account for making and receiving payments. Saving products (including investment and pension)
Detailed explanation-2: -Financial Inclusion by RBI There are some initiatives taken by the financial regulators, government, and banking officials in India. They are: No frills account. BSBDA – Basic savings bank deposit account.
Detailed explanation-3: -It refers to delivery of banking services to masses including privileged and disadvantaged people at an affordable terms and conditions. Financial inclusion is important priority of the country in terms of economic growth and advanceness of society. It enables to reduce the gap between rich and poor population.