Indian Contributions to Financial Technology

Description: This quiz is designed to assess your knowledge about the contributions of India and Indians to the field of Financial Technology.
Number of Questions: 15
Created by:
Tags: fintech indian contributions financial innovation
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Which Indian mathematician is widely regarded as the father of modern financial mathematics?

  1. Srinivasa Ramanujan

  2. Aryabhata

  3. Bhaskara II

  4. Brahmagupta


Correct Option: A
Explanation:

Srinivasa Ramanujan's work on number theory and special functions has had a profound impact on financial mathematics, particularly in the areas of option pricing and risk management.

What is the name of the Indian stock market index that tracks the performance of the top 30 companies listed on the Bombay Stock Exchange?

  1. NIFTY 50

  2. Sensex

  3. BSE 100

  4. CNX Nifty


Correct Option: B
Explanation:

The Sensex, short for Sensitive Index, is a widely followed stock market index in India that represents the performance of the top 30 companies listed on the Bombay Stock Exchange.

Which Indian city is often referred to as the 'FinTech Capital of India'?

  1. Mumbai

  2. Bengaluru

  3. Hyderabad

  4. Delhi


Correct Option: B
Explanation:

Bengaluru, also known as India's Silicon Valley, is home to a large number of FinTech startups and established companies, making it a hub for financial innovation and technology.

Who is the founder and CEO of the Indian digital payments company Paytm?

  1. Vijay Shekhar Sharma

  2. Nandan Nilekani

  3. Mukesh Ambani

  4. Ratan Tata


Correct Option: A
Explanation:

Vijay Shekhar Sharma is the founder and CEO of Paytm, one of India's leading digital payments companies.

What is the name of the Indian government's initiative to promote digital payments and reduce the use of cash?

  1. Digital India

  2. Make in India

  3. Smart Cities Mission

  4. Swachh Bharat Abhiyan


Correct Option: A
Explanation:

Digital India is a government initiative aimed at transforming India into a digitally empowered society and economy, with a focus on promoting digital payments and reducing the use of cash.

Which Indian bank was the first to introduce an Aadhaar-based payment system?

  1. State Bank of India

  2. ICICI Bank

  3. HDFC Bank

  4. Axis Bank


Correct Option: A
Explanation:

State Bank of India was the first bank in India to introduce an Aadhaar-based payment system, enabling customers to make payments using their Aadhaar number and biometric information.

What is the name of the Indian government's regulatory body for the financial technology sector?

  1. Reserve Bank of India

  2. Securities and Exchange Board of India

  3. Insurance Regulatory and Development Authority of India

  4. Pension Fund Regulatory and Development Authority of India


Correct Option: A
Explanation:

The Reserve Bank of India (RBI) is the central bank of India and the primary regulator of the financial system, including the FinTech sector.

Which Indian company is known for developing the world's first mobile-based micro-lending platform?

  1. Bharti Airtel

  2. Reliance Jio

  3. Vodafone Idea

  4. Bajaj Finance


Correct Option: D
Explanation:

Bajaj Finance is an Indian non-banking financial company that is known for developing the world's first mobile-based micro-lending platform.

What is the name of the Indian government's flagship program to provide financial inclusion to the unbanked and underbanked population?

  1. Pradhan Mantri Jan Dhan Yojana

  2. Atal Pension Yojana

  3. Sukanya Samriddhi Yojana

  4. Pradhan Mantri Mudra Yojana


Correct Option: A
Explanation:

Pradhan Mantri Jan Dhan Yojana is a government initiative aimed at providing access to banking services to the unbanked and underbanked population in India.

Which Indian bank is known for its innovative use of technology in banking, including the introduction of mobile banking and internet banking?

  1. ICICI Bank

  2. HDFC Bank

  3. Axis Bank

  4. Kotak Mahindra Bank


Correct Option: A
Explanation:

ICICI Bank is known for its innovative use of technology in banking, including the introduction of mobile banking and internet banking.

What is the name of the Indian government's initiative to promote the use of digital payments in the country?

  1. Digital India

  2. Make in India

  3. Smart Cities Mission

  4. Swachh Bharat Abhiyan


Correct Option: A
Explanation:

Digital India is a government initiative aimed at transforming India into a digitally empowered society and economy, with a focus on promoting digital payments and reducing the use of cash.

Which Indian company is known for developing the world's first mobile-based micro-lending platform?

  1. Bharti Airtel

  2. Reliance Jio

  3. Vodafone Idea

  4. Bajaj Finance


Correct Option: D
Explanation:

Bajaj Finance is an Indian non-banking financial company that is known for developing the world's first mobile-based micro-lending platform.

What is the name of the Indian government's flagship program to provide financial inclusion to the unbanked and underbanked population?

  1. Pradhan Mantri Jan Dhan Yojana

  2. Atal Pension Yojana

  3. Sukanya Samriddhi Yojana

  4. Pradhan Mantri Mudra Yojana


Correct Option: A
Explanation:

Pradhan Mantri Jan Dhan Yojana is a government initiative aimed at providing access to banking services to the unbanked and underbanked population in India.

Which Indian bank is known for its innovative use of technology in banking, including the introduction of mobile banking and internet banking?

  1. ICICI Bank

  2. HDFC Bank

  3. Axis Bank

  4. Kotak Mahindra Bank


Correct Option: A
Explanation:

ICICI Bank is known for its innovative use of technology in banking, including the introduction of mobile banking and internet banking.

What is the name of the Indian government's initiative to promote the use of digital payments in the country?

  1. Digital India

  2. Make in India

  3. Smart Cities Mission

  4. Swachh Bharat Abhiyan


Correct Option: A
Explanation:

Digital India is a government initiative aimed at transforming India into a digitally empowered society and economy, with a focus on promoting digital payments and reducing the use of cash.

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