Read the following statements carefully. State whether True/False with reasons: Business Correspondent (BCs) model is useful for financial inclusion.
CS Professional · Banking - Law & Practice · PYQS · June 2022
Read the following statements carefully. State whether True/False with reasons: Business Correspondent (BCs) model is useful for financial inclusion.
Answer & Explanation:
True: Business Correspondents is appointed by the banks as agents for providing banking services, it helps in facilitating financial inclusion in the country.
Topics: Financial Inclusion
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