Review Note

Last Update: 11/15/2024 12:42 PM

Current Deck: Promotion Exam 0125 (AnkiCollab)

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Question

Which of these is not one of the benefits of seeding an Aadhaar number to a bank account?

Title

QType (0=kprim,1=mc,2=sc)

Q_1

Seamless transfer of funds from the Government to the beneficiary's account

Q_2

Facilitating transactions in AEPS

Q_3

Facility of free insurance

Q_4

Submission of a life certificate from anywhere

Q_5

Answers

0 0 1 0 0

Sources

The correct answer is option 3: Facility of free insurance. While seeding an Aadhaar number to a bank account provides various benefits like enabling direct benefit transfers (option 1), facilitating transactions through Aadhaar Enabled Payment Systems (AEPS) (option 2), and allowing for life certificate submissions remotely (option 4), it does not inherently provide any facility for free insurance.

Explanation of All Options:

Seamless transfer of funds from the Government to the beneficiary's account: This is a key benefit of linking Aadhaar to a bank account as it allows direct benefit transfers (DBT), reducing delays and fraud.
Facilitating transactions in AEPS: Aadhaar linkage facilitates AEPS transactions, allowing users to make banking transactions using their Aadhaar number and biometric verification.
Facility of free insurance: This is not a benefit of linking Aadhaar to a bank account. Insurance coverage, if provided, would typically be part of specific schemes, not a general benefit of Aadhaar linkage.
Submission of a life certificate from anywhere: This benefit is indeed available when Aadhaar is linked to the bank account, aiding pensioners in submitting their life certificates digitally.

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