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 factor

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Q: 73 (IAS/2018)
 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?
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question_subject: 

Economics

question_exam: 

IAS

stats: 

0,115,28,115,3,23,2

keywords: 

{'chip pin debit card': [0, 0, 0, 1], 'digital payments': [0, 0, 0, 4], 'authentication': [0, 0, 0, 1], 'bhim app': [0, 0, 0, 1], 'bank account': [0, 0, 1, 4], 'factors': [0, 0, 1, 0], 'upi': [0, 0, 0, 2]}