CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Indian Railways has tied-up with which bank to install at least 10000 Point of Sale (POS) machines using debit or credit cards at the Public Reservation System (PRS) counters of Railways.
A
Indian Bank
B
ICICI Bank
C
Central Bank of India
D
State Bank of India
Explanation: 

Detailed explanation-1: -Indian Railways have tied up with State Bank of India to install 10, 000 Point of Sale (POS) machines at various locations of Indian Railways i.e. Passenger Reservation System (PRS)/Unreserved Ticketing System (UTS) ticket booking counters and Parcel/Goods locations.

Detailed explanation-2: -Mainframe computers are used by the Indian railways to interact with the customers for various online functions.

Detailed explanation-3: -The purpose of the On-Track Plant Operations Scheme (POS) is to define the compulsory requirements and minimum means of compliance for an organisation undertaking the provision and operation of On-Track Plant (OTP).

Detailed explanation-4: -Networks can be classified into 2 main categories: (i) IP Networks: Networks which adopt packet data transmission and use IP protocol are called IP networks. In Railways all packet data transmission is done on IP protocol.

There is 1 question to complete.