CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following bank new initiative aimed at transforming villages into cash less eco-system by adopting them
A
IOB
B
ICICI Bank
C
SBI
D
Oriental Bank
Explanation: 

Detailed explanation-1: -A corporate banking ecosystem in action An example of the ecosystem in action is Barclays partnership with TransferMate. This allows Barclays clients in higher education to collect fees from overseas students easier. This makes life easier for: End customers – who have an easy way to pay university fees locally.

Detailed explanation-2: -Financial Inclusion by RBI No frills account. BSBDA – Basic savings bank deposit account. LBS – Lead banking scheme. PMJDY – Pradhan Mantri Jan Dhan Yojana.

Detailed explanation-3: -Pradhan Mantri Jan Dhan Yojana (PMJDY) Thus, PMJDY offers unbanked persons easy access to banking services and awareness about financial products through financial literacy programmes. In addition, they receive a RuPay debit card, with inbuilt accident insurance cover of Rs.

Detailed explanation-4: -Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, a basic savings & deposit accounts, remittance, credit, insurance, pension in an affordable manner.

There is 1 question to complete.