Financial Literacy: Aadhaar Card Overview

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Questions and Answers

What is the primary purpose of the Aadhar card?

  • To act as a travel document
  • To serve as a currency in financial transactions
  • To issue credit cards to individuals
  • To establish identity for governmental and non-governmental purposes (correct)

What are the required documents needed to apply for an Aadhar card?

  • Proof of Identity and Proof of Address (correct)
  • Only a government-issued photo ID
  • Birth certificate and school ID
  • A bank statement and a utility bill

Which of the following does NOT describe a benefit of possessing an Aadhar card?

  • Automatic approval for bank loans (correct)
  • Proof of identity across India
  • Access to government subsidies
  • Facilitation of digital banking

Which biometric details are required during the Aadhar card enrollment process?

<p>Fingerprint, iris scan, and photograph (A)</p> Signup and view all the answers

How is the enrollment process for an Aadhar card conducted?

<p>Visiting the nearest Enrollment center or applying online (C)</p> Signup and view all the answers

Flashcards

Aadhar Card

A unique 12-digit ID issued by UIDAI based on biometric data.

Purpose of Aadhar Card

To establish identity for government and non-governmental purposes.

Requirements for Aadhar Card

Proof of Identity, Proof of Address, and biometric details needed for issuance.

Benefits of Aadhar Card

Provides access to government benefits and acts as proof of identity in India.

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Enrollment for Aadhar Card

Free process done online or at an Enrollment center with required documents.

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Study Notes

Financial Literacy

  • Topic: Pan card, Aadhaar card, credit card & debit card (purpose, definition, beneficial requirements, safety measures)

Aadhaar Card

  • Meaning: A unique 12-digit identification number issued by the UIDAI (Unique Identification Authority of India) to Indian residents, based on biometric and demographic data.
  • Purpose: Establishing identity for various governmental and non-governmental purposes. Facilitating direct benefit transfers, subsidies, and social welfare schemes.
  • How to obtain: Visit nearest enrollment center or apply online. Provide proof of identity (voter card, PAN, passport, date of birth proof). Provide proof of address (electric bill, rent agreement, etc.). Provide biometric details (fingerprint, iris scan, photograph). Enrollment is free of cost.

Benefits

  • Access to government subsidies and benefits.
  • Acts as a proof of identity across India.
  • Helps in digital banking and financial purposes.

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