25.06.2026

1. The regulatory approach seeks to minimise consumer losses arising from unauthorised electronic banking transactions through timely reporting and structured liability sharing.
2. The framework places responsibility not only on customers but also on regulated entities involved in the transfer of fraudulently diverted funds.

III. The framework recognises that technological safeguards alone are insufficient and therefore incorporates post-fraud consumer protection measures.

Which of the following information/evidence support(s) the above statements?

1. The revised compensation framework provides financial responsibility for eligible fraud cases to be shared among the Reserve Bank of India, the remitter's bank, and, where applicable, the beneficiary bank.
2. Banks are required to provide a temporary shadow reversal for disputed fraudulent credit card electronic banking transactions within a prescribed time after receiving a complaint.
3. RBI has directed banks to implement real-time fraud monitoring systems, maintain Fraud Risk Management systems, and report frauds exceeding ₹1 lakh to the Central Fraud Registry.
4. Customers become automatically eligible for full reimbursement of any digital payment fraud irrespective of the time taken to report the incident.

Select the correct answer using the code given below:

1. Most destructive earthquakes occur due to the sudden release of elastic strain energy accumulated along tectonic faults.
2. The occurrence of deep-focus earthquakes is generally associated with convergent plate boundaries rather than divergent plate boundaries.

III. Earthquake intensity at a location depends only on the magnitude of the earthquake and is independent of local geological conditions.

Which of the following information/evidence support(s) the above statements?

1. Rocks on either side of a fault undergo elastic deformation over time and rupture once accumulated stress exceeds their strength, releasing seismic energy.
2. Deep-focus earthquakes are commonly recorded in subduction zones where one lithospheric plate descends into the mantle.
3. Soft alluvial sediments can amplify seismic waves, causing greater damage than nearby regions underlain by hard rock despite equal distance from the epicentre.
4. Mid-oceanic ridges are characterized by shallow-focus earthquakes resulting from the separation of tectonic plates.

Select the correct answer using the code given below:

1. Switzerland is a landlocked country in Western and Central Europe.
2. Switzerland is a member of both the European Union (EU) and NATO.

Which of the statements given above is/are correct?