Chqbook and NSDL Join Hands to Launch Zero-Balance DCA

Current Context: The neobank, Chqbook, and the National Securities Depository Ltd. (NSDL) Payments Bank partnered to launch a zero-balance Digital Current Account (DCA).

• The Chqbook’s ‘current account for businesses” will allow small businesses viz. Kirana stores, Chemist shops, etc. to make deposits and withdrawals.
• It will also accept Unified Payment Interface (UPI) transactions.
• Small business owners can instantly open a current account on the Chqbook application, which is available in eight different languages.
• The following features will be offered by the digital current account:

1. Downloading Account Statements
2. Adding and Managing Beneficiaries
3. Transaction History
4. Biometric Security
5. Easy Fund Transfers
6. Point of Sale Machine

• Chqbook is a neobank for small business owners that was established in 2020 with its headquarters in Gurugram, Haryana. The current CEO of the digital bank is Vipul Sharma.

Question:

Q.1 The Chqbook App is available in how many languages?
a. 5
b. 6
c. 7
d. 8