CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank to introduce India’s First Battery-Powered Interactive Payment Card?
A
Canara Bank
B
IndusInd Bank
C
Bank of Baroda
D
Dena Bank
Explanation: 

Detailed explanation-1: -IndusInd Bank launches ‘IndusInd Bank Nexxt Credit Card’-India’s first interactive Credit Card with buttons.

Detailed explanation-2: -Central Bank of India was the first Bank to introduce credit cards in India.

Detailed explanation-3: -Invented in 1950, the Diners Club card is known as the first modern-day credit card. The idea came from Frank McNamara, a businessman who’d forgotten his wallet while out to dinner in New York.

Detailed explanation-4: -Fun Fact: Diners Card was the first company to introduce cards in India. This was initiated by Mr. Kali Mody in 1961.

Detailed explanation-5: -In India, Andhra Bank was the first to introduce credit cards in 1981. However, the idea of keeping multiple cards is a relatively new trend.

There is 1 question to complete.