6. What is the minimum educational qualification required to become a banking correspondent?
a) High school diploma
b) Bachelor’s degree
c) Master’s degree
d) No specific educational qualification
7. Which of the following is an example of a banking correspondent in India?
a) ATM machine
b) Bank teller
c) Local grocery store owner
d) Bank manager
8. What technology is commonly used by banking correspondents for transactions in remote areas?
a) Internet banking
c) Automated Teller Machine (ATM)
d) Point of Sale (POS) device
9. Which of the following is a benefit of banking correspondents?
a) Increased cost of banking services
b) Limited access to banking services
c) Increased risk of fraud
d) Improved access to banking services
10. How are banking correspondents compensated for their services?
a) Fixed monthly salary
b) Commission on transactions
c) Profit-sharing arrangement
d) No compensation
