What is the stated central aim of the C-DAC and Bank of India partnership?
- A.A Quantum Ecosystem for Financial Innovation
- B.A new national payments switch
- C.A rural branch expansion plan
- D.A sovereign gold bond platform
Correct answer
Explanation
The correct answer is a Quantum Ecosystem for Financial Innovation. This is the named focus of the partnership, meant to prepare banking systems both for the opportunities that quantum technology brings and for the security problems it creates, which is why the two sides will study quantum-inspired and quantum-safe methods. The work will move through a priority list of banking use cases, proofs of concept inside secure sandbox environments, tests of technical feasibility and value, comparison with existing systems, and roadmaps for pilots or adoption. Option B is wrong because no payments switch was announced. Option C is wrong because branch expansion is a business decision of the bank and finds no place in this research agreement. Option D is wrong because sovereign gold bonds are a separate instrument and were not mentioned. The question rewards precise recall of the scheme-like phrase in the announcement.
Read the full article: C-DAC and Bank of India Sign Quantum Banking MoU
Practice Questions
C-DAC signed an MoU on quantum technologies for banking with which bank?
- A.State Bank of India
- B.Bank of India
- C.Punjab National Bank
- D.Bank of Baroda
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The Centre for Development of Advanced Computing signed the memorandum with Bank of India on 22 October 2026 to work on quantum financial innovation and the adoption of emerging technologies in banking.
Read the full explanation →C-DAC, which signed the quantum banking agreement, is an autonomous society under which ministry?
- A.Ministry of Finance
- B.Ministry of Science and Technology
- C.Ministry of Electronics and Information Technology
- D.Ministry of Communications
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The Centre for Development of Advanced Computing is an autonomous scientific society under that ministry, and its Secretary, S. Krishnan, was present when the memorandum with Bank of India was exchanged.
Read the full explanation →Under the campaign, bank camps will hold awareness sessions on unclaimed financial assets under which name?
- A.Aapki Poonji, Aapka Adhikar
- B.Dhan Suraksha Abhiyan
- C.Jan Nivesh Jagrukta
- D.Bachat Bima Sashaktikaran
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The camps will run awareness sessions on financial inclusion schemes, on digital frauds and on this drive, which concerns financial assets lying unclaimed with banks and other institutions.
Read the full explanation →The saturation campaign of financial inclusion schemes announced by the Ministry of Finance will run during which period?
- A.2 October 2026 to 31 October 2026
- B.21 October 2026 to 31 December 2026
- C.1 November 2026 to 31 March 2027
- D.21 October 2026 to 26 January 2027
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The Department of Financial Services fixed this window for the countrywide drive, which reaches every gram panchayat and urban local body and asks banks to hold camps through the period.
Read the full explanation →Which department is organising the nationwide saturation campaign of financial inclusion schemes?
- A.Department of Expenditure
- B.Department of Economic Affairs
- C.Department of Financial Services
- D.Department of Revenue
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DFS is the department of the Ministry of Finance that handles banks, insurance and pension schemes, so the financial inclusion drive sits with it, and its Joint Secretary for financial inclusion chaired the preparatory meeting with the senior management of banks and the State Level Bankers Committee.
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