26. Which of the following is a responsibility of banking correspondents?
a) Issuing loans without bank approval
b) Accepting bribes from customers
c) Maintaining customer confidentiality
d) Engaging in unethical practices
27. What is the role of banking correspondents in promoting financial literacy?
a) Conducting financial education programs
b) Providing investment advice
c) Offering financial planning services
d) All of the above
28. How can technology help banking correspondents overcome geographical barriers?
a) By enabling online banking transactions
b) By providing remote connectivity to bank branches
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c) By automating customer verification processes
d) All of the above
29. Which of the following is an advantage of using banking correspondents?
a) Increased cost of banking services
b) Limited access to banking services
c) Reduced cash handling by bank employees
d) Increased risk of cyber attacks
30. What is the last stage in the process of becoming a banking correspondent?
a) Training and certification
b) Signing a contract with the bank
c) Opening a bank account
d) Setting up a physical office
