Question

Which of the following statements accurately describe the 'Banking' and 'Income Tax' MMPs?

1. The Banking MMP aims to develop core banking technology to enable 'anytime, anywhere banking'.
2. The Income Tax MMP allows citizens to conduct all business with the department remotely.
3. Both projects are managed by the Reserve Bank of India.
4. The primary goal of the Banking MMP is to limit banking services to physical branches only.

• A. ഒന്നും രണ്ടും
• B. രണ്ടും നാലും
• C. രണ്ട് മാത്രം
• D. ഒന്ന്

Answer 1

Answer:

A. ഒന്നും രണ്ടും

The Banking MMP is focused on leveraging technology for 'anytime, anywhere banking' by developing core banking solutions and integrating systems. The Income Tax MMP aims to provide citizens with remote access to all their dealings with the Income Tax Department. While both are crucial financial sector initiatives, the Banking MMP is not solely managed by the RBI (it involves multiple banks), and its goal is to expand accessibility, not limit it to physical branches. The Income Tax Department manages the Income Tax MMP.