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)

Topics and years

2024 · GS · Question 53