GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Smart Card?
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contains an IC Chip
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appears very smart
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issued to smart account holders
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issued to account holders having balance in lakhs
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Explanation:
Detailed explanation-1: -A smart card is a physical card that has an embedded integrated chip that acts as a security token. Smart cards are typically the same size as a driver’s license or credit card and can be made out of metal or plastic.
Detailed explanation-2: -A smart card reader is a device that is used to read a smart card. A smart card is a plastic badge that incorporates an installed coordinated circuit that can be either a safe micro-controller or a. memory chip. These cards have the capacity to store a lot of information, do encryption and validation as well.
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