36. What is the concept of “business correspondent model” in banking?
a) A model where businesses act as intermediaries for banking services
b) A model where banks outsource their customer service to third-party vendors
c) A model where only physically disabled individuals can become banking correspondents
d) A model where foreign banks collaborate with Indian banks
37. What is the purpose of a banking correspondent outlet?
a) To provide entertainment services
b) To offer retail products
c) To provide banking services on behalf of the bank
d) To sell agricultural products
38. Which of the following is not a type of banking correspondent outlet?
a) Bank branch
b) Business correspondents
c) Customer service point
d) Mobile van
39. What is the maximum transaction limit for cash deposit through a banking correspondent in India per transaction?
a) Rs. 5,000
b) Rs. 10,000
c) Rs. 15,000
d) Rs. 20,000
40. What is the term used for a banking correspondent who engages the services of sub-agents?
a) Franchisee banking correspondent
b) Master banking correspondent
c) Local banking correspondent
d) Mobile banking correspondent
