The government has made quoting of Aadhaar mandatory for opening of bank accounts as well as for any financial transaction of 50,000 and above.

Which of the following statement can be concluded from the given statement?

(I) The government in its Budget 2017 has already mandated seeding of Aadhaar number with Permanent Account Number (PAN) to avoid individuals using multiple PANs to evade taxes.

(II) Aadhaar is more secure and reliable than PAN for bank account transactions.

(III) Aadhaar number is issued by the Unique Identification Authority of India (UIDAI).

Question

The government has made quoting of Aadhaar mandatory for opening of bank accounts as well as for any financial transaction of 50,000 and above.

Which of the following statement can be concluded from the given statement?

(I) The government in its Budget 2017 has already mandated seeding of Aadhaar number with Permanent Account Number (PAN) to avoid individuals using multiple PANs to evade taxes.

(II) Aadhaar is more secure and reliable than PAN for bank account transactions.

(III) Aadhaar number is issued by the Unique Identification Authority of India (UIDAI).

Accepted Answer

**Solution:**

1. The given statement mentions that quoting Aadhaar is mandatory for opening bank accounts and for financial transactions of ₹50,000 and above.

2. Statement (I) talks about Aadhaar being linked with PAN to avoid tax evasion. This is related but not a conclusion from the given statement which is about banking transactions, not taxation.

3. Statement (II) claims Aadhaar is more secure and reliable than PAN for bank transactions. The given statement does not mention security or reliability, so this cannot be concluded.

4. Statement (III) is general information about Aadhaar being issued by UIDAI. This is not related to the mandatory quoting of Aadhaar in banking transactions and cannot be concluded from the given statement.

5. Since none of the statements (I), (II), or (III) can be concluded directly from the given statement, the correct answer is (e) None of the above.

**Answer:** (e) None of the above

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