Module: General Practice
Q101: Scenario: A small business owner, Mr. X, applies for a business loan. The lender asks him to share his GST returns and Bank Statements via an Account Aggregator (AA). Mr. X consents. A month later, he decides he no longer wants the lender to access his daily transaction data. Under the AA framework, what is Mr. X's right?
✅ Correct Answer: B
🎯 Quick Answer:
Revocation is a fundamental right of the user.Rights of the Customer: 1. Granularity: The user can choose what to share and for how long.
2. Revocability: The user has full control.
If they revoke consent via their AA app, the data pipe is cut instantly.
3. Consequence: While the lender cannot stop the revocation, the loan agreement might have a clause that says "Revoking data access constitutes a technical default" or triggers a higher interest rate—but the technical act of stopping the data flow is fully within the user's control.