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Banking & FinanceEasy

At which event did UIDAI launch the Aadhaar Face Authentication SDK and Sandbox on 9 September 2026?

  1. A.India Mobile Congress
  2. B.Global Fintech Fest 2026
  3. C.Digital India Week
  4. D.World Economic Forum

Correct answer

B. Global Fintech Fest 2026

Explanation

The correct answer is the Global Fintech Fest 2026, where the Unique Identification Authority of India released both the software development kit and the sandbox for Aadhaar face authentication. The venue matters because the audience was exactly the one the tools are meant for, the banking, financial services and insurance industry, which had long asked for a way to complete Aadhaar authentication inside its own apps. Option A, the India Mobile Congress, is a telecom event and is plausible because SIM activation through electronic know your customer is one of the services that uses face authentication. Option C, Digital India Week, is a government technology showcase and sounds right for any Aadhaar announcement, which is what makes it a good distractor. Option D, the World Economic Forum, is an international gathering and not the setting for this launch. Tie the launch to the fintech festival and to the ministry behind UIDAI, which is the Ministry of Electronics and Information Technology.

Read the full article: UIDAI Launches Aadhaar Face Authentication SDK and Sandbox

Q1.Banking & FinanceMedium

In which year was UIDAI's AI and ML driven Aadhaar face authentication solution launched, and how many transactions has it processed?

  1. A.2019, over 300 crore transactions
  2. B.2020, over 400 crore transactions
  3. C.2021, over 500 crore transactions
  4. D.2023, over 600 crore transactions
Show answer
Correct answer: C. 2021, over 500 crore transactions

UIDAI engineered the face authentication solution in India and launched it in that year, and it has since been adopted by nearly 200 entities, among them central ministries and departments, state governments, banks, non-banking financial companies, telecom operators, brokerage firms and certifying authorities.

Q2.Banking & FinanceMedium

Which of the following statements about the Aadhaar Face Authentication Sandbox is correct?

  1. A.It is a controlled environment to test the full face authentication journey before going live
  2. B.It is a new Aadhaar enrolment centre model for rural districts
  3. C.It is a regulatory relaxation window granted by the Reserve Bank of India
  4. D.It is a hardware device that captures fingerprints and iris data
Show answer
Correct answer: A. It is a controlled environment to test the full face authentication journey before going live

Developers and quality assurance teams can run user provisioning and consent, face capture, liveness checks, authentication, error handling and response validation in it, and they can do so without external biometric hardware.

Q3.Banking & FinanceMedium

On which stock exchanges is the equity share capital of the acquirer listed?

  1. A.Only the National Stock Exchange of India
  2. B.Only the Bombay Stock Exchange
  3. C.The Bombay Stock Exchange and the National Stock Exchange of India
  4. D.The Calcutta Stock Exchange and the Bombay Stock Exchange
Show answer
Correct answer: C. The Bombay Stock Exchange and the National Stock Exchange of India

Kotak Mahindra Bank is described as a scheduled commercial bank licensed by the central bank to carry on banking business, with its equity share capital listed on both these exchanges.

Q4.Banking & FinanceEasy

Which regulator approved the acquisition of a part of Deutsche Bank India business by Kotak Mahindra Bank?

  1. A.Securities and Exchange Board of India
  2. B.Reserve Bank of India
  3. C.Competition Commission of India
  4. D.Insurance Regulatory and Development Authority of India
Show answer
Correct answer: C. Competition Commission of India

The competition regulator cleared the proposed combination, which covers both the purchase of the target business and the related referral arrangements between affiliates of the two sides.

Q5.Banking & FinanceMedium

Which business of Deutsche Bank in India is being acquired by Kotak Mahindra Bank?

  1. A.Corporate and investment banking
  2. B.Retail, private banking and wealth management
  3. C.Custody and fund accounting
  4. D.Treasury and foreign exchange dealing room
Show answer
Correct answer: B. Retail, private banking and wealth management

The target business is precisely the retail banking and private banking segment together with the wealth management arm that the seller runs through its branches in India, and it is moving as a going concern on a slump sale basis.