Which of these was launched by IPPB on its 9th Foundation Day for merchants?
- A.DakPay Sound Box
- B.Digital Mutual Fund Platform
- C.Surakshit Savings Account
- D.Digital Insurance Technology Platform
Correct answer
Explanation
The correct answer is the DakPay Sound Box. The release describes it as a launch for merchants, designed to simplify and strengthen the acceptance of everyday digital payments at their end. The other three options are real products of the bank, which is what makes this question worth attempting carefully. The Digital Mutual Fund Platform and the Digital Insurance Technology Platform were indeed launched on the same Foundation Day, but both are meant for customers rather than merchants: one opens a digital route to investment, the other connects customers to life, health and general insurance. The Surakshit Savings Account belongs to an earlier set of three account variants rolled out during the year, along with the SHG Savings Account and the Sampoorna Savings Account, and it carries cyber insurance of ₹25,000 against phishing, spoofing and SIM jacking.
Read the full article: IPPB Marks 9th Foundation Day, Launches DakPay Sound Box
Practice Questions
Which Foundation Day did India Post Payments Bank celebrate on 1 September 2026?
- A.7th
- B.8th
- C.9th
- D.10th
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The arithmetic is easy to hold if the launch date is remembered: India Post Payments Bank was launched on 1 September 2018, so the same date in 2026 completes nine years of working.
Read the full explanation →What was IPPB's customer base as on 31 March 2026?
- A.6.5 crore
- B.9.47 crore
- C.12.06 crore
- D.13.25 crore
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The release gives this as the pan-India customer base as on 31 March 2026, and adds two shares worth remembering: 77 per cent of these customers are in rural areas and 49 per cent are women.
Read the full explanation →Under which ministry is India Post Payments Bank set up?
- A.Ministry of Finance
- B.Ministry of Communications
- C.Ministry of Electronics and Information Technology
- D.Ministry of Corporate Affairs
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India Post Payments Bank has been established under the Department of Posts, which sits in that ministry, and the entire equity of the bank is owned by the Government of India.
Read the full explanation →On which stock exchanges is the equity share capital of the acquirer listed?
- A.Only the National Stock Exchange of India
- B.Only the Bombay Stock Exchange
- C.The Bombay Stock Exchange and the National Stock Exchange of India
- D.The Calcutta Stock Exchange and the Bombay Stock Exchange
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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.
Read the full explanation →Which business of Deutsche Bank in India is being acquired by Kotak Mahindra Bank?
- A.Corporate and investment banking
- B.Retail, private banking and wealth management
- C.Custody and fund accounting
- D.Treasury and foreign exchange dealing room
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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.
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