📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    For encouraging Financial Inclusion and extending

    banking services to small villages RBI has promoted BC-BF Model. What does BC-BF stands for?
    A 1) Business Correspondent - Business Facilitator Correct Answer Incorrect Answer
    B 2) Banking Correspondent-Banking Facilitator Correct Answer Incorrect Answer
    C 3) Banking Counsellor - Banking Facilitator Correct Answer Incorrect Answer
    D 4) Bank Centre-Bank Face Correct Answer Incorrect Answer
    E 5) None of the above Correct Answer Incorrect Answer

    Solution

    For financial inclusion and increasing the outreach of the banking sector, based on the recommendations of Khan Committee, in 2006 RBI allowed banks to employ two categories of intermediaries - Business Correspondents (BCs) and Business Facilitators (BFs).

    Practice Next
    More Economy and Banking and Finance Static Concepts Questions

    Relevant for Exams:

    ask-question