Title : ಇನ್ಸೈಟ್ ಐಎಎಸ್ ಇನ್ಸ್ಟಿಟ್ಯೂಟ್ನಿಂದ ಯುಪಿಎಸ್ಸಿ ತರಬೇತಿ
53) Consider the following statements regarding debit or credit card tokenisation.
1. Tokenisation refers to storing of debit or credit card details by the merchants while making payments. 2. Recently RBI has banned the tokenisation system.
Which of the above statements is/ are correct?
a) I only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor
Solution: d)
Many merchants and e-commerce entities force customers to store debit or credit card details, which increases the risk of card data being stolen. This can be avoided now with the Reserve Bank of India allowing tokenisation of cards while making payments.
What is tokenisation?
It refers to replacement of card details with an alternative code called a 'token', which is unique for a combination of card, token requestor and the device, the RBI says. It reduces the chances of fraud arising from
sharing card details.
With effect from January 1, 2022, no entity in the card transaction or payment chain, other than the card issuers and card networks, should store the actual card data.
Daily quiz Group minimum 1000 questions @kpsc2019
54) Consider the following statements regarding Account Aggregator (AA) framework, recently seen in news.
1. Account Aggregator (AA) framework, was first announced by the Reserve Bank of India (RBI).
2. It provides an institutional framework for seamless sharing of documents digitally between a borrower and a bank for credit access.
3. Account Aggregators are classified as non-banking financial
companies (NBFCs).
Which of the above statements is/
are correct?
a) 1, 2
b) 1, 3
c) 2, 3
d) 1, 2, 3
Solution: d)
File Size : link
Number of Pages : link
Scanned Copy : Yes
Editable Text : No
Password Protected : No
Image Available : Yes
Download Link Available : Yes
File size Reduced : No
Password : No
Cost : Free of cost
For Personal Use Only
Click here to Download
Click here To apply
ದಿನವೂ ಹೆಚ್ಚಿನ ನೋಟ್ಸ್ ಗಳನ್ನು ಡೌನ್ಲೋಡ್ ಮಾಡಿಕೊಳ್ಳಲು KSPGK ವೆಬ್ಸೈಟ್
ಗೆ ಭೇಟಿ ನೀಡಿ...!!!
KSPGK is an unique Online Education Website, which provides All useful PDFs for Competitive exam aspirants, who are preparing for competitive exams all over India. All these PDF's are in Kannada or English Language only, and one thing all PDFs are provided here (https://kspgk.blogspot.com/ Kannada Website) for Education purposes only. Please use these PDFs in that manner only. And don’t sell these PDF's for others and don’t make these files Commercial. We requesting all of our readers to respect our Hard Work while collecting these Files on the Internet. Our Intention is to provide FREE Study Materials for all Competitive exams aspirants and we believe Education should be FREE FOR ALL, and for the same reason.
Thank You for visiting us. Please be in touch with us On Our Telegram Channel,
No comments:
Post a Comment