Current Affairs - Miscellaneous - Discussion

Discussion :: Miscellaneous - Latest Current Affairs (Q.No.834)

834. 

Which among the followinh collaborate with Oil Marketing Companies for issuance of FASTags through petroleum retail outlets?

[A]. Bharat sanchar Nigam Limited
[B]. Ashok Leyland
[C]. National Highway Authority of India
[D]. National Petroleum Corporation limited

Answer: Option C

Explanation:

Indian Highways Management Company Ltd. (IHMCL), a company promoted by NHAI, has signed MOUs with state-run Oil Marketing Companies (IOCL, BPC, and HPC). It will ensure availability of FASTags at petroleum outlets across India. Indian highways management company ltd. (IHMCL) had launched the national electronic toll collection program (NETC) under the brand name "FASTag" in April 2016. This program has gain success and running at 450 toll plaza along with national highway and selected state toll plazas. The enhanced adoption of FASTag program will increase user convenience by offering seamless toll-fee payments at Plazas and thus help save time, money and fuel. IHMCL is also planning to launch two mobile applications named MYFASTag and IHMCLPOS , will enable customers to link the FASTags with their preferred bank account.

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