BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Digital signature are
A
legally valid signatures as per the information technology act. 2000 and acceptable in Indian courts at par with paper signatures
B
required for authentication of e-mail and SFMS
C
required for authentication of settlement applications of clearing coupan of India Ltd.
D
all of the above
Explanation: 

Detailed explanation-1: -It is an electronic signature that ensures that an electronic document is authentic. A digital signature is not a record rather it provides authentication of the record. A digital certificate is an electronic record that identifies the certifying authority issuing it.

Detailed explanation-2: -A digital signature is one form of electronic signature that is like an electronic “fingerprint.” It offers additional verification of the identities of individuals signing documents by providing an encrypted stamp of authentication and digital ID to confirm information originated from them.

Detailed explanation-3: -Digital signatures are based on public key cryptography, also known as asymmetric cryptography. Using a public key algorithm, such as RSA (Rivest-Shamir-Adleman), two keys are generated, creating a mathematically linked pair of keys, one private and one public.

Detailed explanation-4: -Electronic signatures-also called e-signatures-are any sound, symbol, or process that shows the intent to sign something. This could be a scan of your hand-written signature, a stamp, or a recorded verbal confirmation. An electronic signature could even be your typed name on the signature line of a document.

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