Multiple Choice Objective Type Questions Bank with Answers for Banking Correspondent and Banking Facilitators Examination Conducted by The Indian Institute of Banking & Finance and BFSI.: Banking

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PROBABLE QUESTIONS AND ANSWERS OF BC / BF EXAM CONDUCTED BY IIBF & BFSI. Multiple Choice Objective Type Questions Bank with Answers for Banking Correspondent and Banking Facilitators Examination Conducted by The Indian Institute of Banking & Finance and BFSI. Reserve Bank of India issued a new set of guidelines allowing banks to employ two categories of intermediaries which are Business Correspondents (BCs) and Business Facilitators (BFs). Business Correspondents: They are permitted to carry out transactions on behalf of the bank as agents.Business Facilitators: They can refer clients, pursue the clients’ proposal and facilitate the bank to carry out its transactions, but cannot transact on behalf of the bank.A bank is a financial institution that accepts deposits from the public and creates credit. The Indian banking system consists of public sector banks, private sector banks, foreign banks, regional rural banks, urban cooperative banks, and rural cooperative banks, in addition to cooperative credit institutions. As per the Reserve Bank of India (RBI), India’s banking sector is sufficiently capitalized and well-regulated. Banks have been allowed to appoint local individual persons and others as business correspondents (BCs) to work as agents of the banks. The BC uses devices based on Information and Communication Technology (ICT) such as handheld machines, smartcard-based devices, mobile phones, etc. to carry out the banking transactions. The BC is a way of providing banking service at our doorstep if the bank branch is far from our area.

ASIN ‏ : ‎ B0843TV4PS
Language ‏ : ‎ English
File size ‏ : ‎ 1179 KB
Simultaneous device usage ‏ : ‎ Unlimited
Text-to-Speech ‏ : ‎ Enabled
Screen Reader ‏ : ‎ Supported
Enhanced typesetting ‏ : ‎ Enabled
X-Ray ‏ : ‎ Not Enabled
Word Wise ‏ : ‎ Not Enabled
Print length ‏ : ‎ 99 pages