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Consider the following statements: 
1. Aadhaar metadata cannot be stored for more than three months.
2. State cannot enter into any contract with private corporations for sharing of Aadhaar data.
3. Aadhaar is mandatory for obtaining insurance products.
4. Aadhaar is mandatory for getting benefits funded out of the Consolidated Fund of India.
Which of the  statements given above is/are correct?
  • a)
    1 and 4 only
  • b)
    2 and 4 only
  • c)
    3 only
  • d)
    1, 2 and 3 only
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Consider the following statements:1. Aadhaar metadata cannot be stored...
Statement 1 is not correct: Aadhaar Metadata Cannot be Stored For More Than 6 Months.
Statement 2 is not correct 
Statement 3 is correct. The Insurance Regulatory and Development Authority of India tosaid that linkage of 12-digit Aadhaar number to insurance policies mandatory requirement under the prevention of money laundering rules for existing and new policies.
“The Authority clarifies that, linkage of Aadhaar number to Insurance Policies is mandatory under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017,”
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Most Upvoted Answer
Consider the following statements:1. Aadhaar metadata cannot be stored...
Correct Answer: C) 3 only

Explanation:

1. Aadhaar metadata cannot be stored for more than three months:
This statement is incorrect. As per the Aadhaar (Data Security) Regulations, 2016, metadata related to authentication transactions can be stored for a maximum of six months.

2. State cannot enter into any contract with private corporations for sharing of Aadhaar data:
This statement is partially correct. As per the Aadhaar Act, 2016, sharing of Aadhaar data is prohibited unless it is for the purpose of authentication or with the consent of the Aadhaar holder. However, private corporations can be authorized by the government to perform authentication services using Aadhaar.

3. Aadhaar is mandatory for obtaining insurance products:
This statement is correct. As per the IRDAI (Insurance Regulatory and Development Authority of India) guidelines, Aadhaar is mandatory for buying insurance policies.

4. Aadhaar is mandatory for getting benefits funded out of the Consolidated Fund of India:
This statement is partially correct. As per the Aadhaar Act, 2016, Aadhaar is mandatory for accessing certain services and benefits including subsidies, scholarships, and other schemes funded from the Consolidated Fund of India. However, the Supreme Court has issued several orders restricting the mandatory use of Aadhaar for availing such services.
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Community Answer
Consider the following statements:1. Aadhaar metadata cannot be stored...
Edurev is wrong here .. please rectify it .

After the Supreme court judgement holding the mandatory UID requirements unconstitutional,
IRDAI has explicitly stated in its circulars that Adhar is not mandatory to buy an insurance policy.
IRDAI (Insurance Regulatory and Development Authority of India) has clarified that Aadhaar is not required to buy an insurance policy.

statement 3 is incorrect
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Consider the following statements:1. Aadhaar metadata cannot be stored for more than three months.2. State cannot enter into any contract with private corporations for sharing of Aadhaar data.3. Aadhaar is mandatory for obtaining insurance products.4. Aadhaar is mandatory for getting benefits funded out of the Consolidated Fund of India.Which of the statements given above is/are correct?a)1 and 4 onlyb)2 and 4 onlyc)3 onlyd)1, 2 and 3 onlyCorrect answer is option 'C'. Can you explain this answer?
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Consider the following statements:1. Aadhaar metadata cannot be stored for more than three months.2. State cannot enter into any contract with private corporations for sharing of Aadhaar data.3. Aadhaar is mandatory for obtaining insurance products.4. Aadhaar is mandatory for getting benefits funded out of the Consolidated Fund of India.Which of the statements given above is/are correct?a)1 and 4 onlyb)2 and 4 onlyc)3 onlyd)1, 2 and 3 onlyCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements:1. Aadhaar metadata cannot be stored for more than three months.2. State cannot enter into any contract with private corporations for sharing of Aadhaar data.3. Aadhaar is mandatory for obtaining insurance products.4. Aadhaar is mandatory for getting benefits funded out of the Consolidated Fund of India.Which of the statements given above is/are correct?a)1 and 4 onlyb)2 and 4 onlyc)3 onlyd)1, 2 and 3 onlyCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:1. Aadhaar metadata cannot be stored for more than three months.2. State cannot enter into any contract with private corporations for sharing of Aadhaar data.3. Aadhaar is mandatory for obtaining insurance products.4. Aadhaar is mandatory for getting benefits funded out of the Consolidated Fund of India.Which of the statements given above is/are correct?a)1 and 4 onlyb)2 and 4 onlyc)3 onlyd)1, 2 and 3 onlyCorrect answer is option 'C'. Can you explain this answer?.
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