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      Question

      Statements about digital frauds in FY24: 1. There

      was a 166% increase in digital frauds compared to FY23. 2. The total amount involved in digital frauds decreased by 46.7%. 3. Most digital frauds were reported in public sector banks involving internet transactions. Which of the statements given above are correct?
      A 1 and 2 Correct Answer Incorrect Answer
      B 2 and 3 Correct Answer Incorrect Answer
      C 1 and 3 Correct Answer Incorrect Answer
      D Only 1 Correct Answer Incorrect Answer
      E All of the above Correct Answer Incorrect Answer

      Solution

      The total number of digital frauds increased by 166%, while the amount involved decreased by 46.7%. Most digital frauds occurred in private sector banks involving cards and internet transactions, not public sector banks.

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