Current Affairs · Banking Policy
The Digital Payments – E-Mandate Framework establishes customer protection rights regarding recurring digital transactions. Which of the following combinations correctly reflects the mandate regarding user charges for the e-mandate facility and the protocol for opting out of transactions or mandates?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1A fixed one-time registration fee and the right to opt-out anytime with an Additional Factor of Authentication (AFA)
- 2Zero charges for using the facility and the right to opt-out anytime without requiring an Additional Factor of Authentication (AFA)✓
- 3A tiered fee structure based on the mandate amount and the right to opt-out after the first recurring transaction
- 4Zero charges for using the facility and the right to opt-out anytime with an Additional Factor of Authentication (AFA)
Correct answer
Zero charges for using the facility and the right to opt-out anytime without requiring an Additional Factor of Authentication (AFA)
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Current Affairs?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Banking Policy MCQs →Want more practice questions on Banking Policy?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Current Affairs · Banking Policy