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Which bank has signed a deal with the Commonwealth Bank of Australia for block chain technology?
Asian Development Bank
World Bank
BRICS bank
RBI
SBI
- Option 1: Asian Development Bank (ADB)
- ADB is a regional development bank established to promote social and economic development in Asia.
- There is no widely known partnership between ADB and Commonwealth Bank of Australia for blockchain technology.
- Option 2: World Bank
- The World Bank is an international financial institution that provides loans and grants to governments for development projects.
- The World Bank has explored blockchain technology for projects like issuing blockchain-based bonds, partnership with Commonwealth Bank for blockchain.
- Option 3: BRICS Bank (New Development Bank)
- BRICS Bank focuses on mobilizing resources for infrastructure and sustainable development in BRICS and other emerging economies.
- There is no public information regarding a blockchain partnership with Commonwealth Bank of Australia.
- Option 4: RBI (Reserve Bank of India)
- The RBI is India's central bank, responsible for issuing currency, regulating the financial system, and monetary policy.
- There is no known collaboration with Commonwealth Bank on blockchain technology.
- Option 5: SBI (State Bank of India)
- SBI is the largest bank in India, offering a range of banking products and services to both individual and business customers.
- Correct Answer: SBI has signed a deal with the Commonwealth Bank of Australia for blockchain technology integration, leveraging it to improve cross-border services and trade finance.
Correct Answer: Option 2: World Bank
By: Parvesh Mehta ProfileResourcesReport error
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