GK State Bank of India Report Moots Inducting More Women Business Correspondents

1. What are Business Correspondents (BCs) in the context of banking services?

A) Bank branches
B) ATM locations
C) Retail agents providing banking services outside bank branches/ATMs
D) Financial products

Correct Answer: C

2. In which year did the Reserve Bank of India (RBI) launch the Banking Correspondent's (BCs) model?

A) 2006
B) 2010
C) 2015
D) 2020

Correct Answer: A

3. What functions do agents perform under the BC Model?

A) Opening new bank branches
B) Disbursal and collection of small-value credit, remittances, and sale of products
C) Managing ATM transactions
D) Providing large-value loans

Correct Answer: B

4. What percentage of the Business Correspondent (BC) workforce is suggested to be comprised of women?

A) 5%
B) 15%
C) 30%
D) 50%

Correct Answer: C

5. According to the lecture, why are female agents considered less prone to malpractice and more dedicated?

A) Higher education levels
B) Socio-economic constraints limiting job options
C) Extensive digital literacy
D) Previous banking experience

Correct Answer: B

6. How has the involvement of women in Pradhan Mantri MUDRA Yojana impacted female borrowers' financial status?

A) No impact observed
B) Decreased financial stability
C) Improved financial status
D) Increased debt burden

Correct Answer: C

7. What is mentioned as a significance of having women as Business Correspondents (BCs)?

A) Reduced digital literacy challenges
B) Increased security risks
C) Potential role models for financial inclusion
D) Limited mobility issues

Correct Answer: C

8. What are mentioned as challenges faced by women working as Business Correspondents?

A) High and irregular income
B) Lack of digital literacy, inadequate training, and security risks
C) Extensive mobility
D) Limited customer trust

Correct Answer: B

9. According to the lecture, why do women customers find women agents easier to approach, trustworthy, and great at maintaining confidentiality?

A) Shared hobbies
B) Similar educational backgrounds
C) Trust-building through financial products
D) Gender-related factors

Correct Answer: D

10. Which program is specifically mentioned as contributing to the increased involvement of women in financial services?

A) RBI Model for Financial Inclusion
B) Pradhan Mantri MUDRA Yojana
C) Bank Sakhi Model
D) Micro-Insurance Initiative

Correct Answer: B