BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Taking banking to the remotest areas
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Helping in the process of Financial inclusion
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Both A and B
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None
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Detailed explanation-1: -Q. What was the objective behind the Banking correspondent scheme? Notes: The objective behind the Banking correspondent scheme was to aid the process of financial inclusion and consequently take banking to the remotest areas of the country and make them bankable.
Detailed explanation-2: -Objectives:-To increase the outreach of our Services by providing comprehensive financial services such as savings, credit, remittance, and pension products at an affordable cost to the financially underprivileged masses across all under-banked and un-banked areas of the nation.
Detailed explanation-3: -Business Correspondents and Business Facilitators (BCBF) course include representatives appointed by the banks to supply banking services and act as an agent in the respective locations where the bank will not have a presence so as to push money inclusion.
Detailed explanation-4: -Business Correspondent is an extended arm of the Bank Branch who is providing Financial and Banking services to the customers in unbanked and underbanked areas.