{"id":91171,"date":"2025-06-01T10:48:24","date_gmt":"2025-06-01T10:48:24","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=91171"},"modified":"2025-06-01T10:48:24","modified_gmt":"2025-06-01T10:48:24","slug":"what-is-are-the-facility-facilities-the-beneficiaries-can-get-from-the","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/what-is-are-the-facility-facilities-the-beneficiaries-can-get-from-the\/","title":{"rendered":"What is\/are the facility\/facilities the beneficiaries can get from the"},"content":{"rendered":"<p>What is\/are the facility\/facilities the beneficiaries can get from the services of Business Correspondent (Bank Saathi) in branchless areas?<\/p>\n<ul>\n<li>1. It enables the beneficiaries to draw their subsidies and social security benefits in their villages.<\/li>\n<li>2. It enables the beneficiaries in the rural areas to make deposits and withdrawals.<\/li>\n<\/ul>\n<p>Select the correct answer using the code given below.<\/p>\n<p>[amp_mcq option1=&#8221;1 only&#8221; option2=&#8221;2 only&#8221; option3=&#8221;Both 1 and 2&#8243; option4=&#8221;Neither 1 nor 2&#8243; correct=&#8221;option3&#8243;]<\/p>\n<div class=\"psc-box-pyq-exam-year-detail\">\n<div class=\"pyq-exam\">\n<div class=\"psc-heading\">This question was previously asked in<\/div>\n<div class=\"psc-title line-ellipsis\">UPSC IAS &#8211; 2014<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-ias-2014.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-ias-2014\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">\nThe correct option is C. Both statements 1 and 2 describe facilities that beneficiaries can get from the services of Business Correspondents (Bank Saathi) in branchless areas.<br \/>\n<\/section>\n<section id=\"pyq-key-points\">\nBusiness Correspondents (BCs), also known as Bank Saathis, are retail agents appointed by banks to provide banking services in remote locations where establishing brick-and-mortar branches is not viable. Their main role is to promote financial inclusion by extending banking services to the underserved population, particularly in rural areas.<br \/>\n<\/section>\n<section id=\"pyq-additional-information\">\n1. BCs enable beneficiaries of government schemes, pensions, and other social security benefits to receive their payments conveniently in their villages, often using biometric authentication.<br \/>\n2. BCs provide basic banking services like account opening, cash deposits, cash withdrawals, balance enquiry, and fund transfers through micro-ATMs or other digital devices at or near the customer&#8217;s location in rural areas.<br \/>\nBoth facilities are core functions aimed at bringing banking services to the doorstep of people in unbanked or underbanked regions.<br \/>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>What is\/are the facility\/facilities the beneficiaries can get from the services of Business Correspondent (Bank Saathi) in branchless areas? 1. It enables the beneficiaries to draw their subsidies and social security benefits in their villages. 2. It enables the beneficiaries in the rural areas to make deposits and withdrawals. Select the correct answer using the &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"What is\/are the facility\/facilities the beneficiaries can get from the\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/what-is-are-the-facility-facilities-the-beneficiaries-can-get-from-the\/#more-91171\">Detailed Solution<span class=\"screen-reader-text\">What is\/are the facility\/facilities the beneficiaries can get from the<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1092],"tags":[1468,1120,1190],"class_list":["post-91171","post","type-post","status-publish","format-standard","hentry","category-upsc-ias","tag-1468","tag-economic-development","tag-money-banking","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is\/are the facility\/facilities the beneficiaries can get from the<\/title>\n<meta name=\"description\" content=\"The correct option is C. Both statements 1 and 2 describe facilities that beneficiaries can get from the services of Business Correspondents (Bank Saathi) in branchless areas. Business Correspondents (BCs), also known as Bank Saathis, are retail agents appointed by banks to provide banking services in remote locations where establishing brick-and-mortar branches is not viable. Their main role is to promote financial inclusion by extending banking services to the underserved population, particularly in rural areas.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/what-is-are-the-facility-facilities-the-beneficiaries-can-get-from-the\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is\/are the facility\/facilities the beneficiaries can get from the\" \/>\n<meta property=\"og:description\" content=\"The correct option is C. Both statements 1 and 2 describe facilities that beneficiaries can get from the services of Business Correspondents (Bank Saathi) in branchless areas. Business Correspondents (BCs), also known as Bank Saathis, are retail agents appointed by banks to provide banking services in remote locations where establishing brick-and-mortar branches is not viable. Their main role is to promote financial inclusion by extending banking services to the underserved population, particularly in rural areas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/what-is-are-the-facility-facilities-the-beneficiaries-can-get-from-the\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T10:48:24+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What is\/are the facility\/facilities the beneficiaries can get from the","description":"The correct option is C. Both statements 1 and 2 describe facilities that beneficiaries can get from the services of Business Correspondents (Bank Saathi) in branchless areas. Business Correspondents (BCs), also known as Bank Saathis, are retail agents appointed by banks to provide banking services in remote locations where establishing brick-and-mortar branches is not viable. Their main role is to promote financial inclusion by extending banking services to the underserved population, particularly in rural areas.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/what-is-are-the-facility-facilities-the-beneficiaries-can-get-from-the\/","og_locale":"en_US","og_type":"article","og_title":"What is\/are the facility\/facilities the beneficiaries can get from the","og_description":"The correct option is C. Both statements 1 and 2 describe facilities that beneficiaries can get from the services of Business Correspondents (Bank Saathi) in branchless areas. Business Correspondents (BCs), also known as Bank Saathis, are retail agents appointed by banks to provide banking services in remote locations where establishing brick-and-mortar branches is not viable. Their main role is to promote financial inclusion by extending banking services to the underserved population, particularly in rural areas.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/what-is-are-the-facility-facilities-the-beneficiaries-can-get-from-the\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T10:48:24+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/what-is-are-the-facility-facilities-the-beneficiaries-can-get-from-the\/","url":"https:\/\/exam.pscnotes.com\/mcq\/what-is-are-the-facility-facilities-the-beneficiaries-can-get-from-the\/","name":"What is\/are the facility\/facilities the beneficiaries can get from the","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T10:48:24+00:00","dateModified":"2025-06-01T10:48:24+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"The correct option is C. Both statements 1 and 2 describe facilities that beneficiaries can get from the services of Business Correspondents (Bank Saathi) in branchless areas. Business Correspondents (BCs), also known as Bank Saathis, are retail agents appointed by banks to provide banking services in remote locations where establishing brick-and-mortar branches is not viable. Their main role is to promote financial inclusion by extending banking services to the underserved population, particularly in rural areas.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/what-is-are-the-facility-facilities-the-beneficiaries-can-get-from-the\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/what-is-are-the-facility-facilities-the-beneficiaries-can-get-from-the\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/what-is-are-the-facility-facilities-the-beneficiaries-can-get-from-the\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC IAS","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-ias\/"},{"@type":"ListItem","position":3,"name":"What is\/are the facility\/facilities the beneficiaries can get from the"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/91171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=91171"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/91171\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=91171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=91171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=91171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}