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Which of the following statements is NOT correct with respect to the Card-on-File Tokenization (CoFT) services?a)In September 2021, RBI extended the scope of tokenization from device-based tokenization to CoFT services.b)RBI permitted all Public Sector Banks to act as token service providers.c)RBI set the deadline for card tokenization till January 1, 2022.d)Tokenization replaces actual card details with a unique alternate code ‘token’ thus improving the safety and security of the payment system.e)All are correctCorrect answer is option 'B'. Can you explain this answer? for Current Affairs 2025 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Which of the following statements is NOT correct with respect to the Card-on-File Tokenization (CoFT) services?a)In September 2021, RBI extended the scope of tokenization from device-based tokenization to CoFT services.b)RBI permitted all Public Sector Banks to act as token service providers.c)RBI set the deadline for card tokenization till January 1, 2022.d)Tokenization replaces actual card details with a unique alternate code ‘token’ thus improving the safety and security of the payment system.e)All are correctCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is NOT correct with respect to the Card-on-File Tokenization (CoFT) services?a)In September 2021, RBI extended the scope of tokenization from device-based tokenization to CoFT services.b)RBI permitted all Public Sector Banks to act as token service providers.c)RBI set the deadline for card tokenization till January 1, 2022.d)Tokenization replaces actual card details with a unique alternate code ‘token’ thus improving the safety and security of the payment system.e)All are correctCorrect answer is option 'B'. Can you explain this answer?.

Solutions for Which of the following statements is NOT correct with respect to the Card-on-File Tokenization (CoFT) services?a)In September 2021, RBI extended the scope of tokenization from device-based tokenization to CoFT services.b)RBI permitted all Public Sector Banks to act as token service providers.c)RBI set the deadline for card tokenization till January 1, 2022.d)Tokenization replaces actual card details with a unique alternate code ‘token’ thus improving the safety and security of the payment system.e)All are correctCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Current Affairs. Download more important topics, notes, lectures and mock test series for Current Affairs Exam by signing up for free.

Here you can find the meaning of Which of the following statements is NOT correct with respect to the Card-on-File Tokenization (CoFT) services?a)In September 2021, RBI extended the scope of tokenization from device-based tokenization to CoFT services.b)RBI permitted all Public Sector Banks to act as token service providers.c)RBI set the deadline for card tokenization till January 1, 2022.d)Tokenization replaces actual card details with a unique alternate code ‘token’ thus improving the safety and security of the payment system.e)All are correctCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Which of the following statements is NOT correct with respect to the Card-on-File Tokenization (CoFT) services?a)In September 2021, RBI extended the scope of tokenization from device-based tokenization to CoFT services.b)RBI permitted all Public Sector Banks to act as token service providers.c)RBI set the deadline for card tokenization till January 1, 2022.d)Tokenization replaces actual card details with a unique alternate code ‘token’ thus improving the safety and security of the payment system.e)All are correctCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Which of the following statements is NOT correct with respect to the Card-on-File Tokenization (CoFT) services?a)In September 2021, RBI extended the scope of tokenization from device-based tokenization to CoFT services.b)RBI permitted all Public Sector Banks to act as token service providers.c)RBI set the deadline for card tokenization till January 1, 2022.d)Tokenization replaces actual card details with a unique alternate code ‘token’ thus improving the safety and security of the payment system.e)All are correctCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Which of the following statements is NOT correct with respect to the Card-on-File Tokenization (CoFT) services?a)In September 2021, RBI extended the scope of tokenization from device-based tokenization to CoFT services.b)RBI permitted all Public Sector Banks to act as token service providers.c)RBI set the deadline for card tokenization till January 1, 2022.d)Tokenization replaces actual card details with a unique alternate code ‘token’ thus improving the safety and security of the payment system.e)All are correctCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Which of the following statements is NOT correct with respect to the Card-on-File Tokenization (CoFT) services?a)In September 2021, RBI extended the scope of tokenization from device-based tokenization to CoFT services.b)RBI permitted all Public Sector Banks to act as token service providers.c)RBI set the deadline for card tokenization till January 1, 2022.d)Tokenization replaces actual card details with a unique alternate code ‘token’ thus improving the safety and security of the payment system.e)All are correctCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Current Affairs tests.