Attempt this previous-year question. The correct option stays hidden until you choose.
With reference to Central Bank digital currencies, consider the following statements :
1. It is possible to make payments in a digital currency without using US dollar or SWIFT system.
2. A digital currency can be distributed with a condition programmed into it such as a time-fame for spending it.
Which of the statements given above is/are correct?
Pick an option to check yourself.
• Correct Answer: C
• CBDCs enable peer-to-peer transfers without relying on the US dollar or SWIFT messaging network.
• Programmability via smart contracts allows conditions like time-frames for spending to be embedded in the digital currency.
Attempt Prelims MCQs or open Mains questions by paper — then continue the same bank inside the app with visual decks.
GyanGram