Economics · Economy

Consider the following statements: Statement 1: The e-RUPI is a digital voucher-based payment system launched by the National Payments Corporation of India in August 2021, designed to be a person-specific and purpose-specific cashless payment solution that does not require the beneficiary to have a bank account or a smartphone for redemption. Statement 2: The e-RUPI system operates by generating a QR code or an SMS-based string that is delivered to the mobile phone of the beneficiary, which can then be scanned or entered at designated centers to avail of services like health subsidies, fertilizer subsidies, or corporate employee benefits. Statement 3: Because e-RUPI is a form of Central Bank Digital Currency, it is categorized as a liability on the balance sheet of the Reserve Bank of India and can be used for any general-purpose transaction in the same way as the Digital Rupee. Which of the statements above is/are incorrect?