GK Question

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The Account Aggregator framework in India enables consent-based sharing of ________ data among financial institutions.

  1. Credit
  2. Transaction
  3. Identity
  4. Biometric

Answer: Transaction

AA ecosystem: users grant consent via AA apps to share financial data (bank statements, investments) securely with lenders, insurers. Enhances credit access, reduces paperwork, empowers data principals. [[RBI, MeitY Reports]]

Topic Technology - Digital Public Infrastructure
Exam Relevance Banking PO/Clerk, SSC CHSL, Railway Group C