General Knowledge · General Awareness

Consider the following statements regarding BHIM (Bharat Interface for Money) app within the UPI ecosystem: Statement 1: BHIM is developed by NPCI to facilitate quick, simple transactions based on UPI. Statement 2: BHIM allows users to send money using a mobile number or Aadhaar number, even if the beneficiary does not have a registered UPI ID, provided their bank account is linked. Statement 3: BHIM utilizes three-factor authentication: device-binding, SMS-based verification of mobile, and the UPI PIN for transactions. Statement 4: BHIM is the sole app authorized to process UPI transactions in India, and third-party apps like Amazon Pay are illegal. Statement 5: The 'BHIM QR' is a standardized QR code displaying payment options compatible across UPI-enabled applications. Statement 6: NPCI provides a flat 100 rupees cashback for every single transaction processed via BHIM, regardless of value. Statement 7: BHIM supports scanning and paying BharatQR, facilitating interoperability across card networks and UPI. Identify the correct set of statements.