Economics · Banking and Finance
Which of the following statements correctly describes the e-rupee introduced by the Reserve Bank of India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is a UPI-based platform for bank transfers only.
- 2It is India's Central Bank Digital Currency (CBDC).✓
- 3It is a digital token issued by commercial banks.
- 4It is a private cryptocurrency with no RBI backing.
Correct answer
It is India's Central Bank Digital Currency (CBDC).
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