Banking · Quantum Computing

Identify the correct assessment of the following statements regarding the integration of Quantum technology in banking: 1. Quantum computers use Qubits to execute calculations faster than classical supercomputers. 2. The main threat is 'Quantum Decryption', which can break current RSA and ECC standards. 3. Banks must transition to 'Post-Quantum Cryptography' (PQC) algorithms. 4. Quantum Key Distribution (QKD) provides physically unbreakable communication links. 5. Current quantum computers are in the 'NISQ' era, requiring extreme cooling. 6. Quantum computing will likely be accessed via a 'Quantum-as-a-Service' (QaaS) cloud model. 7. The RBI has made it mandatory for all Indian banks to install a physical quantum computer at their head office by the end of this financial year.