{"id":32909,"date":"2024-04-15T09:08:40","date_gmt":"2024-04-15T09:08:40","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=32909"},"modified":"2024-04-15T09:08:40","modified_gmt":"2024-04-15T09:08:40","slug":"e-banking-business-is-essentially-regulated-by-the-information-technology-act-2000-under-which-personal-signature-is-replaced-by-2","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/e-banking-business-is-essentially-regulated-by-the-information-technology-act-2000-under-which-personal-signature-is-replaced-by-2\/","title":{"rendered":"E-banking business is essentially regulated by the Information Technology Act 2000, under which personal signature is replaced by:"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a9e534063ea6\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    Encrypted signature                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    Image signature                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"true\">\r\n                    Digital signature                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    Online signature                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: <strong>C. Digital signature<\/strong><\/p>\n<p>A digital signature is an electronic signature that uses asymmetric cryptography to bind a user&#8217;s identity to a document. A digital signature is used to verify the authenticity and integrity of a document. It can also be used to prevent repudiation, which is when a party denies having signed a document.<\/p>\n<p>The Information Technology Act 2000 (IT Act) is an Act of the Parliament of India enacted in 2000. The IT Act provides for the legal recognition of electronic documents and digital signatures. The IT Act also provides for the regulation of e-commerce and e-governance in India.<\/p>\n<p>The IT Act defines a digital signature as &#8220;a mathematical algorithm or a combination of algorithms such that the signer affixes his\/her approval or acceptance of the electronic record by means of a secure system of codes or passwords, which are unique to him\/her, so that it is not possible to forge the digital signature.&#8221;<\/p>\n<p>The IT Act also provides for the use of digital signatures in various transactions, such as electronic contracts, electronic wills, and electronic deeds. The IT Act also provides for the punishment for offenses related to digital signatures, such as forgery of digital signatures and unauthorized use of digital signatures.<\/p>\n<p>The IT Act is a significant piece of legislation that has helped to promote the use <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> of electronic transactions in India. The IT Act has also helped to improve the security of electronic transactions.<\/p>\n<p>The other options are incorrect because:<\/p>\n<ul>\n<li>Encrypted signature is a type of digital <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> signature that uses encryption to protect the signature from unauthorized access.<\/li>\n<li>Image signature is a type of digital signature that uses an image of the signer&#8217;s signature to verify the authenticity of a document.<\/li>\n<li>Online signature is a type of digital signature that is created and verified online.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[699],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>E-banking business is essentially regulated by the Information Technology Act 2000, under which personal signature is replaced by:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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