11. What is the maximum limit for cash withdrawal through a banking correspondent in India per day?
a) Rs. 10,000
b) Rs. 20,000
c) Rs. 30,000
d) Rs. 50,000
12. Which of the following services can be provided by a banking correspondent?
a) Issuing credit cards
b) Processing international wire transfers
c) Conducting KYC (Know Your Customer) verification
d) Providing investment advice
13. How can banking correspondents contribute to financial inclusion?
a) By focusing only on urban areas
b) By providing banking services in remote and unbanked areas
c) By charging high fees for services
d) By limiting the types of transactions available
14. What is the role of a banking correspondent in the “Pradhan Mantri Jan Dhan Yojana” scheme?
a) Educating customers about banking services
b) Opening accounts for customers
c) Promoting government schemes
d) All of the above
15. What is the term used for the establishment of banking correspondents in rural areas?
a) Rural banking initiative
b) Financial inclusion drive
c) Gramin bank expansion
d) National bank outreach
