CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which Indian institution has launched a 5G Lab for banking and financial sector?
A
IRDA
B
SIDBI
C
RBI
D
NHB
Explanation: 

Detailed explanation-1: -Banking and Financial Sector in India. IDRBT, which works in the frontier areas of technology, today launched a 5G Use Cases Lab for the Banking and Financial Sector and released a White Paper on 5G Applications for Banking and Financial Sector in India.

Detailed explanation-2: -The central bank is the apex institution of the monetary and banking structure of our economy, regulating the entire banking system.

Detailed explanation-3: -5G with its increased bandwidth and very low latency could enable the use of Augmented Reality (AR) and Virtual Reality (VR) in banking sector. 5G holds the key to immersive and engaging customer experience across channels.

Detailed explanation-4: -Blockchain technology: Some banks are exploring the use of blockchain technology to improve the efficiency and security of financial transactions. For example, banks can use blockchain to track and verify the movement of money between accounts, or to facilitate cross-border payments.

Detailed explanation-5: -What is the. 5G Lab? The 5G Lab works with startups, academia and enterprise teams to build a 5G-powered world. We work on 5G trials, hackathons, industry partnerships, prototyping challenges and more.

There is 1 question to complete.