Prelims • Paper 1 (GS) • 2018 • Q.28
GS-III - Science and Technology- developments and their applications and effects in everyday life
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.
Syllabus Connection
Science and Technology- developments and their applications and effects in everyday life. (GS-III)
NCERT Connection
Ch.3: Money and Credit
Economics • Class 10 • Class 10 Understanding Economic Development
Ch.3: Money and Banking
Economics • Class 12 • Class 12 Macroeconomics