Current Affairs · Digital Banking and Payment Systems

Analyze the following statements regarding digital banking standards in India: Statement 1: 'Bharat QR' is an interoperable QR code acceptance solution developed by NPCI, Mastercard, and Visa. Statement 2: Unlike static QR codes, dynamic QR codes can include the transaction amount and a unique order ID, reducing manual entry errors. Statement 3: Merchants are strictly prohibited from using an integrated 'Interoperable' QR code and must display separate QR codes for each card network. Statement 4: Bharat QR supports payments via BHIM and bank-specific mobile applications. Statement 5: The government has mandated that the MDR should be zero for UPI and RuPay debit card transactions for merchants with an annual turnover up to 50 crore rupees. Statement 6: Digital Banking Units (DBUs) must have a CCTV camera recording 24/7, and the footage must be stored for at least 90 days. Statement 7: Biometric Login is a form of 'Something you are' authentication, which must be combined with 'Something you know' (like a PIN) for high-value transactions. Identify the correct set of statements.