IIMK LIVE & RBIH Sign MoU to Foster Innovation & Research in FinTech Sector

Current Context: On September 2, 2024, the Indian Institute of Management Kozhikode’s Laboratory for Innovation Venturing and Entrepreneurship (IIMK LIVE) and the Reserve Bank Innovation Hub (RBIH) signed a Memorandum of Understanding (MoU) at the IIMK campus in Kerala.

• This collaboration aims to foster innovation and research in the FinTech sector.
• They plan to support startups, conduct joint research, and develop new financial technologies to enhance the ecosystem.
• The partnership is expected to drive significant advancements in financial inclusion and digital transformation in India.

Question:

1 Which institution is collaborating with IIMK LIVE to support startups and conduct joint research?

• A) NABARD
• B) SEBI
• C) Indian Banks' Association (IBA)
• D) Reserve Bank Innovation Hub (RBIH)

Answer: D) The Reserve Bank Innovation Hub (RBIH) is collaborating with IIMK LIVE to support startups, conduct joint research, and develop new financial technologies.