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KPSC KAS 2017 · Question 66 of 200

A bank has recently acquired Snapdeal-owned mobile wallet FreeCharge to strengthen its position in the payments space. This acquisition is expected to help the bank take a significant step towards digital distribution of financial products. Which bank has done it ?

Indian Economy

  1. AICICI Bank
  2. BAxis BankCorrect
  3. CBarclays Bank
  4. DHDFC Bank

Answer: B. Axis Bank

Explanation

Axis Bank acquired the Snapdeal-owned mobile wallet FreeCharge in 2017 to strengthen its digital payments business.

Source: KPSC Gazetted Probationers Prelims 2017, Paper-I (General Studies, subject code 261), Series A

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