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    Question

    The Department of Fintech has been created with effect

    from January 04, 2022, by subsuming the FinTech Division of ________________.
    A Financial Inclusion & Development Department. Correct Answer Incorrect Answer
    B Issue Department. Correct Answer Incorrect Answer
    C Cash Department. Correct Answer Incorrect Answer
    D Department of Payment and Settlement Systems Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    - It has been created with effect from January 04, 2022, by subsuming the FinTech Division of Department of Payment and Settlement Systems, Central Office (DPSS, CO). The department will promote innovation in the sector and also identify the challenges and opportunities associated with it and address them in a timely manner. Ajay Kumar Choudhary, who was recently promoted as the Executive Director of RBI was appointed as head of the department.

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