Consider the following statements with reference to Digital Transformation Award 2025: 1. It is given by a domestic Indian organization for local digital initiatives. 2. It recognizes the RBI's successful development and implementation of Pravaah and Sarthi. 3. It highlights the RBI's advancements in reducing paper-based submissions and enhancing regulatory processes. Mark the correct statement from the above using the codes given below:
Both 2 and 3
Why in the News?
"RBI Wins Digital Transformation Award 2025 for Pravaah and Sarthi Initiatives”
Statement 1: incorrect
The Digital Transformation Award 2025 is given by Central Banking, London, UK, an international organization, not a domestic Indian body.
Statement 2: correct
The award recognizes RBI’s digital initiatives, Pravaah and Sarthi, developed by its in-house IT team.
Statement 3: correct
The initiatives aim to streamline regulatory processes, reduce paper-based submissions, and enhance workflow management, improving operational efficiency.
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