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    Question

    Which of the following statements correctly describes

    the role of UIDAI in India’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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