Question Bank - Banking & Financial Services

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Which application was launched by Reserve Bank of India in January 2020 to help visually challenged people identify new currency notes?

A.
MANI
B.
NEFT
C.
DRI
D.
OLTAS

Solution:

The correct answer is MANI. RBI has launched a mobile app, MANI, Mobile Aided Note Identifier, to help visually challenged people to identify the denomination of currency notes. The app, which is available both on Android and iOS operating systems, was launched by RBI Governor Shaktikanta Das in Mumbai on 1 Jan 2020. Additional Information"NEFT" stands for National Electronic Funds Transfer. It is an online payment system that can be used by individuals and organizations to transfer funds. DRI stands for Directorate of Revenue Intelligence. OLTAS stands for Online Tax Accounting System for Direct Taxes.

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