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    Question

    Recently which of the following institution has started

    accepting electronic bank guarantees and digitalised all its existing bank guarantees?
    A ONGC Correct Answer Incorrect Answer
    B BPCL Correct Answer Incorrect Answer
    C IOCL Correct Answer Incorrect Answer
    D NHAI Correct Answer Incorrect Answer
    E Railways Correct Answer Incorrect Answer

    Solution

    The National Highways Authority of India (NHAI) has started accepting electronic bank guarantees and digitalised all its existing bank guarantees.The move is aimed at improving the efficiency and transparency of internal processes and taking forward the adoption of digital technology. NHAI is using the electronic bank guarantee services of the National e-Governance Services Ltd, which helps in the reduction of physical paper movement, doing away with physical storage needs and easy access to the bank guarantee life cycle, including renewal. Learn Along: NHAI                                        Headquarters: New Delhi                               Chairperson: Alka Upadhyaya National E-Governance Services Ltd.               Headquarters: Mumbai                 MD & CEO: Debajyoti Ray Chaudhuri

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