GyanGramWith reference to digital payments, consider the following statements: 1. BHIM app allows the user to transfe…
Read the full question, pick an option, then see whether you were right. The answer is not shown until you attempt.
Choose an option before the answer.
With reference to digital payments, consider the following statements:
1. BHIM app allows the user to transfer money to anyone with a UPI-enabled bank account.
2. While a chip-pin debit card has four factors of authentication, BHIM app has only two factors of authentication.
Which of the statements given above is/are correct?
Pick an option to check yourself. The answer stays hidden until you attempt.
• Correct Answer: A
• BHIM app is UPI-based and enables money transfer to any UPI-enabled bank account instantly
• Chip-and-PIN debit card uses two-factor authentication; BHIM uses three factors (device, passcode, UPI PIN)
• Statement 2 is incorrect on authentication factor count
Same year. Same subject. More attempts.
Keep attempting in GyanGram.
Filter by year or subject, attempt previous-year questions, and connect each miss back to a visual deck.