IIBF BC Basic Exam Questions and Answers PDF 2026

Looking for a complete guide that help you to IIBF BC Basic Exam Questions and Answers 2026 pdf? You are viewing the right webpage. This all-in-one guide is designed to help you crack the IIBF BC (Business Correspondent) Basic certification exam with confidence. From exam patterns, questions and answers to mock tests, we’ve got you covered for your banking career breakthrough.

The IIBF BC Basic Exam Questions and Answers PDF 2026 is a helpful study guide for students preparing for the Business Correspondent Basic exam by the Indian Institute of Banking and Finance (IIBF). The questions cover all four important parts of the syllabus:

General Banking: Topics like banking structure, deposit schemes, and KYC rules.

Financial Inclusion and BC Role: Schemes such as PMJDY, PMJJBY, PMSBY, and risk management.

Technical Skills: Micro-ATM use, digital banking, and related tasks.

Soft Skills & Behavior: Communication skills and financial counseling.

What is the IIBF BC Basic Exam 2026?

We have written a complete article about IIBF BC Basic Exam 2026. The exam is mandatory certification for individuals who are willing to work as Business Correspondents (BC) in India. As per Reserve Bank of India (RBI) guidelines, all BC agents must clear this exam before delivering banking services in rural and semi-urban areas.

Why this exam matters:

• It opens opportunities in the banking and financial sector.
• Ensures compliance with RBI regulations.
• Boosts your credibility as a certified Business Correspondent (BC).

IIBF BC Basic Exam Questions and Answers 2026 (Latest and Important Questions with Answers)

Here are below most imporant and latest questions and answers for iibf bc basic exam 2026, the questions are repeating regularly.

Ques 01: The features of structured communications in financial counselling does not include……

• Counselling
• Advising
• Distributing knowledge material
• Interviewing

Ques 02: MMID is a 7-digit number, to be issued by the bank to the customer……

• For activation of debit card
• For Immediate Payment System (IMPS)
• For activation of credit card
• On registration for internet banking

Ques 03: Which one of the following is incorrect regarding Radio Frequency Identification (RFID)?

• It is a method which is used for contactless smart cards.
• It is a method of listening songs and music.
• It is a method which has high-end security features.
• It is used for tracking goods by means of tags which transmit a radio signal.

Ques 04: Which of the following persons will not be eligible for being appointed as a Bank Mitra?

• A person retired from Hindustan Unilever
• A person retired from Ministry of Commerce
• A person retired from State Bank of India
• A person running a pharmacy shop

Ques 05: The objectives of Financial Inclusion do not include……

• Making finance available to the poor in particular.
• Extending financial services to the large unserved population of the country.
• Developing the required educational and health facilities in villages.
• To unlock the growth potential of the country.

Ques 06: Remittance of funds under Immediate Payment Service (IMPS) can be done through……

• Mobile phone only
• Internet Banking and Mobile Phone, both
• Bank branch only
• Internet Banking only

Ques 07: The organizational structure and management structure of cooperative banks are based on……

• The pattern adopted by public sector banks
• The pattern adopted by private sector banks
• The pattern adopted by regional rural banks
• Cooperative principles

Ques 08: Which one of the following is not an Officially Valid Document (OVD) for the purpose of KYC?

• PAN Card
• Letter issued by the National Population Register
• Proof of possession of Aadhaar number
• Voter’s Identity Card

Ques 09: Under Atal Pension Yojana, if there is default in depositing the prescribed amount ……

• No pension is payable, if there is no deposit continuously for 5 years.
• Penalty of Rs. 1 per month per hundred will be levied.
• The penalty, if any charged would be retained by the bank as its income.
• The account will be suspended if there are no deposits continuously for three months.

Ques 10: RBI has stipulated a charter of customer rights which does not include……

• Right to privacy
• Right to suitability
• Right to meet the top executives personally
• Right to fair treatment

The exam pattern has 50 multiple-choice questions, and the time limit is 60 minutes. To pass, candidates must score at least 50%. These PDFs are designed to look and feel just like the real exam so that students get familiar with the type and level of questions.

Since the IIBF BC certification is now mandatory for all Business Correspondent agents as per RBI rules. These PDFs have become a must-have for thousands of candidates who want to build a career in India’s financial inclusion sector.