Question
With reference to the Account Aggregator (AA), consider
the following statements: I.It is a framework that simply facilitates sharing of financial information in a real-time and data-blind manner (encrypted) between regulated entities. II.AAs enable flow of data between Financial Information Providers (FIPs) and Financial Information Users (FIUs). III.The RBI (Reserve Bank of India) in 2017 approved AA as a new class of NBFC (Non Banking Financial Companies), whose primary responsibility is to facilitate the transfer of user’s financial data with their explicit consent. Which of the statements given is/are not correct ?Solution
An AA is a framework that simply facilitates sharing of financial information in a real-time and data-blind manner (Data flow through AA are encrypted) between regulated entities (Banks and NBFCs). The RBI (Reserve Bank of India) in 2016 approved AA as a new class of NBFC (Non Banking Financial Companies), whose primary responsibility is to facilitate the transfer of user’s financial data with their explicit consent.AAs enable flow of data between Financial Information Providers (FIPs) and Financial Information Users (FIUs).
CADD stands for
India has a monopoly in the production of which type of silk?Â
What type of supply curve represents a situation where, after a certain level, an increase in wage rate decreases labor supply?
The important site of formation of glycoprotein and glycolipids
Which nutrient element is crucial for plants to boost their resistance against diseases, insect attacks, cold, and adverse environmental conditions? Add...
Which is the period of inoculation of katki lac?
Consumer" is defined as:
When is dehaulming done in potato crop?Â
Which of the following causes a 'resource' influencing competition in a weed-crop environment.
To transfer genes from one organism to another, it is possible to introduce genes conferring disease resistance into crop plants by
Relevant for Exams:
