FIN-TECH

Question 1

FinTech Department was setup in …………….

Answer 1

January 2022

Question 2

……………………………..is a collaboration between the regulator, the innovators, the financial service providers and the end users which would ensure that Indian consumers continue to receive the best in class financial services

Answer 2

Regulatory Sandbox

Question 3

The RS is based on thematic cohorts. Name the themes of the various cohorts?

Answer 3

I. Retail Payments
II. Cross Border Payments
III. MSME Lending
IV. Prevention and Mitigation of Financial Frauds
V. Theme Neutral – Here innovative products/ services/ technologies cutting across various functions in RBI’s regulatory domain would be eligible to apply.

Question 4

……………………… is an event organised to bring together people and entities for the development of innovative solutions for the existing challenges in specified area through problem statements.

Answer 4

A hackathon

Question 5

Reserve Bank has launched the hackathon HARBINGER 2021 to find innovative solutions to the existing challenges in the …………………………………

Answer 5

payment and settlement landscape

Question 6

To foster innovation in a sustainable manner, it is essential to nurture it through an institutional setup and accordingly, Reserve Bank has set up the ……………………..

Answer 6

Reserve Bank Innovation Hub (RBIH)

Question 7

The RBIH has been registered as a Section 8 company under Companies Act 2013, with an initial capital contribution of ……………… to encourage and nurture financial innovation in a sustainable manner through an institutional set-up

Answer 7

₹100 crore

Question 8

Who is the Chairman of RBIH

Answer 8

Shri Senapathy (Kris) Gopalakrishnan

Question 9

With the aim to create and produce solutions for underserved, low and middle-income women and women-owned enterprises, RBIH conducted a Techsprint ‘…………’ in collaboration with IIM ……………….

Answer 9

Swanari, Ahmedabad

Question 10

RBI Hackathon is named as

Answer 10

HARBINGER – Innovation for Transformation

Question 11

Theme of First RBI Hackathon was

Answer 11

Smarter Digital Payments (SDP)

Question 12

Theme of Second RBI Hackathon was

Answer 12

Inclusive Digital Services (IDS)

Question 13

Theme of 3rd RBI Hackathon HARBINGER 2024

Answer 13

Two themes - Zero Financial Frauds & Being Divyang Freindly

Question 14

Video based Customer Identification Process by use of Aadhaar Face Matching and Liveness Detection Framework is a project which is under………..

Answer 14

RBIH