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Questions and Answers
According to the Prudential Guidelines for Agent Banking Operation in Bangladesh, what is the purpose of the guidelines?
According to the Prudential Guidelines for Agent Banking Operation in Bangladesh, what is the purpose of the guidelines?
- To define the permissible activities of an agent
- To outline the responsibilities of the bank in agent banking operations
- To establish eligibility criteria for entities to become agents
- To provide a framework for the approval process of agent banking operations (correct)
Which of the following is NOT a permissible activity for an agent in agent banking operations?
Which of the following is NOT a permissible activity for an agent in agent banking operations?
- Providing cash withdrawal services
- Issuing loans
- Accepting deposits
- Conducting foreign currency exchange (correct)
What is the eligibility criteria for an entity to become an agent in agent banking operations?
What is the eligibility criteria for an entity to become an agent in agent banking operations?
- Having a minimum capital requirement
- Being a financial institution
- Having consent from the regulatory or controlling authority (correct)
- Having a valid license from Bangladesh Bank
What is the mandatory provision for a contract between a bank and an agent in agent banking operations?
What is the mandatory provision for a contract between a bank and an agent in agent banking operations?
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Who is responsible for the establishment and management of agent banking operations in a bank?
Who is responsible for the establishment and management of agent banking operations in a bank?
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