UPSC CSE Prelims
Question 39
What is/are the facility/facilities the beneficiaries can get from the services of Business Correspondent (Bank Saathi) in branchless areas?
- It enables the beneficiaries to draw their subsidies and social security benefits in their villages.
- It enables the beneficiaries in the rural areas to make deposits and withdrawals.
Select the correct answer using the code given below.
View correct answer and explanation
Correct answer: C
Correct Option: C
Explanation: Banking correspondents provide basic financial services at village level, including government-benefit payments and cash transactions.
Statement/Pair-wise Analysis:
Statement/Item 1: Correct - They can facilitate withdrawal of government subsidies and social-security payments through banking accounts.
Statement/Item 2: Correct - They accept permitted small deposits and process cash withdrawals for customers.
Option-wise Analysis:
A: Incorrect - omits correct statement/item 2.
B: Incorrect - omits correct statement/item 1.
C: Correct - includes all and only the correct items.
D: Incorrect - omits correct statement/items 1, 2.