Current Affairs · Banking and Finance
Which of the following statements about the Central Bank Digital Currency (CBDC) pilot launched by RBI in 2022 is/are INCORRECT? (i) The Digital Rupee-Wholesale (e&rupee;-W) pilot is intended to reduce transaction costs associated with settlement risk. (ii) The Digital Rupee-Retail (e&rupee;-R) pilot was launched on December 1, 2022 for a closed user group of customers and merchants. (iii) The primary goal of e&rupee;-W is to make the intra-bank system more efficient only. (iv) The e&rupee;-W pilot was launched specifically for transactions in government securities.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(iv) only
- 2(iii) only✓
- 3(ii), (iii), (iv) only
- 4(i), (ii), (iii) only
Correct answer
(iii) only
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