21. What is the maximum transaction limit for cash withdrawal through a banking correspondent in India per transaction?
a) Rs. 5,000
b) Rs. 10,000
c) Rs. 15,000
d) Rs. 20,000
22. Which of the following is not a factor in determining the suitability of a location for a banking correspondent?
a) Population density
b) Income level of the population
c) Distance from the nearest bank branch
d) Availability of high-speed internet connection
23. What is the role of technology in enhancing the efficiency of banking correspondents?
a) Enabling customers to perform transactions through mobile phones
b) Reducing the need for physical cash handling
c) Automating account opening and loan processing
d) All of the above
24. How does a banking correspondent authenticate a customer’s identity during a transaction?
a) By checking their ID card
b) By verifying their signature
c) By scanning their fingerprint
d) By asking for their PIN
25. What is the primary reason for the high demand for banking correspondents in India?
a) Lack of trust in banks
b) Inadequate infrastructure in remote areas
c) Lack of banking regulations
d) High competition among banks
