Drishti IAS - English (Information & Motivation)
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Drishti IAS - English (Information & Motivation)
If you are attempting #Prelims2023, follow the hashtag - #PrelimsWithDrishtiIAS - for daily updates! For more such questions follow https://drishti.link/PrelimsWithDrishtiIAS #200PinsForPrelims #UPSC #UPSC2023 #IAS #CSE #QRCode #Prelims #Science #Physics…
Explanation:
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The correct answer is (a) 1 only.
Bharat QR Code is a single unified QR code capable of accepting payments from various payment systems, such as Visa, Master Card, Amex, RuPay cards and BHIM-UPI. Hence, statement 1 is correct.
A QR code consists of black and white squares arranged in a grid, which can be read by an imaging device and contains information about the item to which it is attached.
Bharat QR code enables rapid rollout of digital payments acceptance infrastructure throughout the country, as it does not involve any upfront investment in Point of Sale (PoS) machines. Hence, statement 2 is not correct.
Customers can easily make payments through Bharat QR code and do not require to carry a physical Debit or Credit card.
The risk of data theft or security issues through tampered or cyber-compromised point of sale devices is minimised.
Merchants accepting the payment through Bharat QR code, receive the amount directly in their Bank accounts. It does not require any upfront expenditure.
Therefore, option (a) is the correct answer.
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