MCQ
upsc-p1-economy-digital-fintech MCQ - Practice Questions with Answers
Solve 2 upsc-p1-economy-digital-fintech questions for RAS/RPSC preparation.
Practice questions
Q1Arrange the following legal developments in chronological order, from earliest to latest: A. Payment and Settlement Systems Act B. Digital Personal Data Protection Act C. Information Technology Act D. Aadhaar Act Select the correct answer using the code given below:
The Information Technology Act came in 2000 (C), followed by the Payment and Settlement Systems Act in 2007 (A), the Aadhaar Act in 2016 (D), and the Digital Personal Data Protection Act in 2023 (B). Therefore, option C is correct.
Q2Consider the following statements concerning privacy and digital finance in India: 1. In K.S. Puttaswamy v. Union of India (2017), privacy was recognised as a Fundamental Right under Article 21. 2. The Aadhaar judgment of 2018 permitted unrestricted mandatory private-sector use of Aadhaar. 3. The Digital Personal Data Protection Act, 2023 provides a framework for processing digital personal data. Which of the statements given above are correct?
Statements 1 and 3 are correct. Puttaswamy placed privacy within Article 21, and the 2023 Act supplies the digital-personal-data framework. Statement 2 reverses the 2018 position: private mandatory use without legal backing was restricted, not made unrestricted.
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