Economics · Digital Banking & Fintech
Which of the following statements regarding the e-RUPI payment platform is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1e-RUPI can be directly converted into decentralized cryptocurrency on commercial banking applications.
- 2e-RUPI functions as a sovereign interest-bearing government bond payment instrument.
- 3e-RUPI is a cashless, prepaid, person-specific, and purpose-specific digital voucher system developed by NPCI.✓
- 4e-RUPI is a central bank digital currency (CBDC) issued directly by the Reserve Bank of India.
Correct answer
e-RUPI is a cashless, prepaid, person-specific, and purpose-specific digital voucher system developed by NPCI.
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