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      Question

      Which of the following statements correctly describes

      the role of UIDAI in Indiaโ€™s banking ecosystem?
      A UIDAI directly issues KYC-compliant bank accounts. Correct Answer Incorrect Answer
      B Aadhaar authentication can be used as an Officially Valid Document (OVD) for e-KYC. Correct Answer Incorrect Answer
      C UIDAI manages the issuance of PAN cards for bank accounts. Correct Answer Incorrect Answer
      D UIDAI is authorized to disburse subsidies directly into customer bank accounts. Correct Answer Incorrect Answer
      E UIDAI issues biometric-enabled debit cards linked to Aadhaar. Correct Answer Incorrect Answer

      Solution

      Aadhaar e-KYC is widely accepted by banks as a valid proof of identity and address under RBI guidelines.

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