Current Affairs - Business - Discussion

Discussion :: Business - Latest Current Affairs (Q.No.315)

315. 

Who sets up 5G Lab for Banking, Financial Sector?

[A]. Indian Statistical Institute
[B]. Indian Banks' Association
[C]. NPCI
[D]. IDRBT

Answer: Option D

Explanation:

The Institute for Development and Research in Banking Technology (IDRBT), an arm of Reserve Bank of India, has launched a 5G Use Cases Lab for banking and financial sector. The 5G technology, along with blockchain, will be progressively adopted by banks. Department Of Telecommunications had already launched test beds for 5G use in the academia in Hyderabad, Chennai and Bangalore to develop 5G for Indian use.

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