A
2 only
B
1 only
C
Both 1 and 2
D
Neither 1 nor 2
Correct answer: (a) 2 only
Explanation
Statement 1 is incorrect because Account Aggregators act strictly as data intermediaries and cannot view or store customer data. Statement 2 is correct as the Reserve Bank of India allowed interoperability across AAs to broaden financial data sharing, enabling seamless transfer of financial data across FIPs and FIUs.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.