Question 783 of 1003

2018Economic and Social Development

28. 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 ?

UPSC Intended to Test

Why UPSC Asked This Question?

Correct Answer Explanation

Subject Linking

Static Vs Dynamic

Visual Mind Map

Text Books

Reports

Policy

Current Affairs