Consider the following statements: 1. Smart Card is a plastic card with an embedded microchip. 2. Digital technology is primarily used with new physical communication medium such as satellite and fibre optics transmission. 3. A digital library is a collection of documents in an organised electronic form available on the Internet only. Which of the statements given above is/are correct?

Statement 1 is correct: smart cards are plastic cards containing an embedded electronic chip (used for storing value and secure data), as described in the book excerpt and technical definitions of smart cards [1]. Statement 2 can be regarded as correct in the broad sense: digital technologies frequently rely on newer physical communication media such as satellite links and fibre‑optic transmission to carry high‑capacity digital signals (this is a general technical point about digital communication evolution). Statement 3 is incorrect: a digital library is a collection of organised electronic documents but is not limited to Internet‑only access; it can be available via local networks, institutional servers, and offline electronic systems.

Sources

1. [1] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 7: Money and Banking > Smart Card > p. 195