88. Which of the following statements is incorrect regarding Bharat Quick response code (QR Code)?

a) A QR code is a two-dimensional machine-readable optical label which contains information about the item to which it is linked.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

b) The Bharat QR code has been developed by the four major payment companies – MasterCard, VISA, RuPay (NPCI-National Payments Corporation of India) and American Express.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

c) Bharat QR code is another E – wallet.

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

d) It will make usage of the card redundant and make the digital payment much faster, seamless, easier, and safe.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
c) Bharat QR code is another E – wallet.

Answer- c

Explanation: Bharat QR code is not an E- wallet. The wallets such as Paytm, Mobikwiketc use the QR code for payment services but these are closed systems (for amount to be transferred both parties-buyer and seller- should have these accounts) but the best part of Bharat QR is that it is interoperable. Bharat QR is an alternative to PoS machine.

Suggest Corrections

Similar questions

7. Bharat QR was recently launched, in regard to this launch consider the following statements about QR.

Identify the incorrect options

d. None of the above
b. 2 only
a. 1 only
c. Both 1 and 2

Consider the following statements about Bharat QR code:

$1$ . Bharat QR is a digital wallet.

$2$ . QR code is read by mobile phones and it shows the information about the product to which it is attached.

$3$ . QR code will help in promoting financial inclusion.

Which of the given statement(s) is/are correct?

9. Consider the following statements,

1] Bharat QR code the world's first inter-operable payment acceptance solution.

2] Payment networks such as MasterCard and Visa have joined hands with National Payment Corporation of India (NPCI) to launch Bharat QR.

Which of the above statements is/are incorrect?

Which one of the following statements is incorrect in regard to mangrove vegetation?

Code:

Q. Regarding Swachh Bharat Abhiyan which of the following statement is incorrect?

Join BYJU'S Learning Program