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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.Which of the statements given above is/are correct?[2018]a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. 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 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.Which of the statements given above is/are correct?[2018]a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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.Which of the statements given above is/are correct?[2018]a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.

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