Attempt this previous-year question. The correct option stays hidden until you choose.
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.
• 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
Attempt Prelims MCQs or open Mains questions by paper — then continue the same bank inside the app with visual decks.
GyanGram