Attempt this previous-year question. The correct option stays hidden until you choose.
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 ?
Pick an option to check yourself.
• Correct Answer: D
• The digital rupee (e₹) is a sovereign CBDC issued by RBI aligned with monetary policy and appears as a liability on RBI's balance sheet.
• It is freely convertible against commercial bank money and cash at par.
• It is not insured against inflation; its purchasing power fluctuates like physical cash.
Attempt Prelims MCQs or open Mains questions by paper — then continue the same bank inside the app with visual decks.
GyanGram