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    Question

    What proposal did the Reserve Bank of India (RBI) issue

    to enhance digital-payment security?
    A Implementing biometric authentication for all transactions Correct Answer Incorrect Answer
    B Proposing Alternative Factor Authentication for all transactions Correct Answer Incorrect Answer
    C Increasing cybersecurity measures in digital banking Correct Answer Incorrect Answer
    D Introducing a new digital payment gateway Correct Answer Incorrect Answer
    E Mandating the use of blockchain technology for payments Correct Answer Incorrect Answer

    Solution

    The RBI proposed Alternative Factor Authentication for all transactions to enhance digital-payment security, requiring an additional robust and dynamically created authentication factor usable only once.

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