Economics · Digital Currency
With reference to Central Bank Digital Currencies (CBDC), consider the following statements: 1. It is possible to make payments in a CBDC without using the US dollar or the SWIFT system. 2. A CBDC can be programmed with an expiry date to force consumption. 3. Unlike physical cash, it is a safe store of value that is inherently insured against inflation. Which of the statements given above are correct?
- 11, 2 and 3
- 21 and 3 only
- 32 and 3 only
- 41 and 2 only✓
Correct answer
1 and 2 only
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Want more practice questions on Digital Currency?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Digital Currency