Under which platform of the Department of Telecommunications does the Financial Fraud Risk Indicator work?

The correct answer is the Department of Telecommunications. The FRI is a telecom intelligence framework built by that department and offered to financial institutions through its Digital Intelligence Platform, and on 8 September 2026 it was reported to have prevented suspected cyber fraud of more than five thousand crore rupees since its launch on 22 May 2025. Option A is a tempting distractor because banks are the users of the signal and the Department of Financial Services handles banking policy, but the indicator is built on telecom data such as the behaviour of mobile numbers. Option C is wrong because the Department of Revenue deals with taxation and not with cyber fraud prevention of this kind. Option D is wrong because consumer affairs work on grievance redress is a different track altogether. The logic to remember is that a fraud usually begins with the misuse of a mobile connection, which is why the telecom department owns the tool.

The correct answer is Rs 5,043.73 crore. That is the cumulative amount of suspected fraud stopped through the indicator up to August 2026, which is why the announcement speaks of more than five thousand crore rupees saved in fifteen months. Option A is the figure for the first six months of working, and the growth from that level to the present one is described as a nearly eight-fold rise, so it is a real number in the story but answers a different question. Option B and option D are built by changing the leading digit of the correct figure and do not appear in the announcement at all. A related figure worth holding is the starting point of the climb: the cumulative saving stood at a little over one hundred and thirty nine crore rupees in August 2025, so the whole scale-up happened within a single year as banks and payment platforms adopted the tool.

The correct answer is that it is a controlled environment to test the full face authentication journey before going live. Developers and quality assurance teams can run user provisioning and consent, face capture, liveness checks, authentication, error handling and response validation in it, and they can do so without external biometric hardware. They can also rehearse failures such as invalid digital signatures, network interruptions, timeouts and spoofing attempts. Option B confuses the sandbox with enrolment infrastructure, which is a different part of the Aadhaar system altogether. Option C borrows the idea of a regulatory sandbox, which the Reserve Bank does operate for financial innovation, and that overlap is exactly why the option tempts candidates; the UIDAI sandbox is a technical testing space, not a regulatory concession. Option D describes biometric capture hardware, whereas the entire point of this launch is that no such hardware is needed.

The correct answer is the Global Fintech Fest 2026, where the Unique Identification Authority of India released both the software development kit and the sandbox for Aadhaar face authentication. The venue matters because the audience was exactly the one the tools are meant for, the banking, financial services and insurance industry, which had long asked for a way to complete Aadhaar authentication inside its own apps. Option A, the India Mobile Congress, is a telecom event and is plausible because SIM activation through electronic know your customer is one of the services that uses face authentication. Option C, Digital India Week, is a government technology showcase and sounds right for any Aadhaar announcement, which is what makes it a good distractor. Option D, the World Economic Forum, is an international gathering and not the setting for this launch. Tie the launch to the fintech festival and to the ministry behind UIDAI, which is the Ministry of Electronics and Information Technology.

The correct answer is 2021, over 500 crore transactions. UIDAI engineered the face authentication solution in India and launched it in that year, and it has since been adopted by nearly 200 entities, among them central ministries and departments, state governments, banks, non-banking financial companies, telecom operators, brokerage firms and certifying authorities. Options A and B move the launch a year or two earlier and lower the transaction count, which is the commonest way this question is set, because candidates recall the scale but not the exact pairing. Option D borrows 2023, a year that does appear in this news but for a different reason: that is the year of the Prime Minister's Award for Excellence in Public Administration that the technology received in the innovation category. Keep the three numbers together while revising, namely the launch year, the transaction total and the number of adopting entities.