Federal Bank PO Practice Questions - Federal Bank Probationary Officer (JMG Scale I) Exam

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A passage explains that digital banking platforms cut branch overheads while still meeting KYC, AML, and IT-security compliance mandates. What is the primary objective of such a passage?

To advocate for complete branch automation To explain the dual benefits of digital platforms in efficiency and compliance To criticize the strict regulatory policies of the central bank To compare private and public sector banking systems

Correct Answer:

To explain the dual benefits of digital platforms in efficiency and compliance

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