UPSC Civil Services Model Paper 2

● Bharat Interface for Money (BHIM) is a UPI based payment interface. Hence statement 1 is correct.
● Developed by National Payments Corporation of India (NPCI). Hence statement 2 is correct.
● Allows real-time fund transfer.
● Launched in December 2016.
● BHIM apps have three levels of authentication: Hence statement 3 is not correct.
◦ For one, the app binds with a device’s ID and mobile number.
◦ Second, a user needs to sync whichever bank account (UPI or non-UPI enabled) in order to the conduct transaction.
◦ Third, when a user sets up the app they are asked to create a pin which is needed to log into the app.
→ The UPI pin, which a user creates with their bank account is needed to go through with the transaction.