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Indian Economy - Understanding the basics of Indian economic system

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Consider the following statements

Aadhaar metadata cannot be stored for more than three months
State cannot enter into any contract with private corporations for sharing of Aadhar data
Aadhaar is mandatory for obtaining insurance products.
Aadhar is mandatory for getting benefits funded out of the Consolidate fund of India.

Which of the statements give above is/are correct?

This questions was previously asked in

UPSC CSP Previous Year Paper (2020)

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1 and 4 only

2 and 4 only

3 only

1,2 and 3 only

Explanation:

Statement 1st is incorrect: Aadhaar authentication data can’t be retained beyond 6 months, said Supreme Court,Please refer https://www.financialexpress.com/aadhaar-card/aadhaar-authentication-data-cant-be-retained-beyond-6-months-says-supreme-court/1328066/
Statement 2nd is correct: Please check https://www.medianama.com/2018/09/223-section-57-why-aadhaar-cant-be-used-as-authentication-by-private-companies/ the SC judgment. This was done in order to protect a citizen’s right to privacy.
Statement 3rd is incorrect: IRDAI (Insurance Regulatory and Development Authority of India) has clarified that Aadhaar is not required to buy an insurance policy.
Statement 4th is correct: Please check- https://www.hindustantimes.com/india-news/aadhaar-for-welfare-schemes-a-legitimate-exercise-says-supreme-court/story-rhb0kccKthpJRNnSvukzmO.html

Hence option 2nd is correct.

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