Banking Correspondents

1.

When was the Banking correspondent scheme launched by RBI?

2002

2005

2001

2006

2.

What was the objective behind the Banking correspondent scheme?

Taking banking to the remotest areas

Helping in the process of Financial inclusion

Both a and b

None

3.

Which of the following activities can be undertaken by a Business Correspondent?

Selling mutual fund products

Selling Pension products

Extending small credit on behalf of the banks

All of the above

4.

Who can work as a Banking Correspondent?

Individuals

NGOs

Micro-finance Institutions

All of the above

5.

Which of these kinds of deposits can be offered by Banking Correspondents?

Small Savings Accounts

Fixed Deposits

Recurring Deposits

All of the above