Questions from IBPS PO Mains Paper 2023

IBPS PO Mains Paper 2023

Interactive Study & Solution Mode

Question 126 of 142

Which of the bank has partnered with Athletics Federation of India (AFI) to support women athletes of the country, especially the youngsters.

Current Affairs Banking Difficulty: Medium
Choose an option
  • A
    HSBC
  • B
    Citi Bank
  • C
    BNP Paribas
  • D
    DBS Bank India Limited
  • E
    Deutsche Bank

Answer

Correct Answer: HSBC

Explanation

### Concept & Fact Corporate partnerships play a significant role in funding and developing sports infrastructure and athlete support programs in India. ### Step-by-Step Solution * The Athletics Federation of India (AFI) sought partnerships to enhance support specifically targeted at women athletes. * In August 2022, they announced a major collaboration with a leading international bank. * The bank that stepped forward as a key sponsor to focus on turning the vision into reality by promoting and supporting women athletes in India is HSBC (HSBC India). ### Exam Strategy & Shortcut For sports sponsorships, large multinational banks often partner with national federations. Associate AFI's initiative for *women athletes* specifically with HSBC. ### Common Pitfall Assuming major Indian public sector banks are the default sponsors. While they do sponsor sports, this specific high-profile initiative for women's athletics was taken up by the multinational bank HSBC. ### Final Answer Therefore, the correct answer is **HSBC**.
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