What is the primary objective of the Information Technology Act, 2000?

To grant legal recognition to electronic transactions and communications, thereby replacing traditional paper-based methods.

Fill in the blank: The Information Technology Act, 2000 provides legal validity to ___ for authenticating electronic information.

Digital signatures

True or False: The Information Technology Act, 2000 applies only to transactions conducted within India.

False. The Act applies to offenses committed outside of India as well.

What role does the Cyber Regulatory Appellate Tribunal play under the Information Technology Act, 2000?

It handles appeals against decisions made by the Controller or Adjudicating Officer.

Fill in the blank: The Act supports electronic funds transfer between ___ and ___ institutions.

Banks and financial

What measures are established under the Information Technology Act, 2000 regarding digital signatures?

Security measures for digital signatures exist.

• Ensures integrity of records.

• Uses asymmetric cryptography method.

• Validates identity of signers.

True or False: The Information Technology Act, 2000 allows for the execution of wills under the Indian Succession Act, 1925 using electronic means.

False. The Act does not apply to the execution of wills.

What is the significance of the Controller of Certifying Authorities (CCA) in the context of the Information Technology Act, 2000?

The CCA is responsible for licensing and regulating Certifying Authorities and maintaining digital signature records.

Fill in the blank: The Information Technology Act, 2000 was enacted in the year ___.

2000

Explain the significance of the legal recognition of electronic contracts under the Information Technology Act, 2000.

The Act ensures that contracts made electronically through secure channels are legally enforceable, facilitating e-commerce and digital transactions.