Question
EconomyDigital Economy and FinTechCBDC, Crypto-assets and Digital CurrencyMedium (editorial estimate)
Question details
- Type:
- Statement based
- Skill:
- Concept understanding
- Tags:
- Digital rupee · CBDC · RBI balance sheet
- Current-affairs connection:
- RBI digital-rupee pilot (2022-2024). Source
Classification and difficulty are editorial labels. Explanations are awaiting review.
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Consider the following statements in respect of the digital rupee : 1. It is a sovereign currency issued by the Reserve Bank of India (RBI) in alignment with its monetary policy. 2. It appears as a liability on the RBI’s balance sheet. 3. It is insured against inflation by its very design. 4. It is freely convertible against commercial bank money and cash. Which of the statements given above are correct?
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Question 53 · CBDC, Crypto-assets and Digital Currency · Economy · UPSC Prelims 2024 (GS)