MCQ

CBDC-based welfare transfers MCQ - Practice Questions with Answers

Solve 2 CBDC-based welfare transfers questions for RAS/RPSC preparation.

Practice questions

Q1Consider the following statements about the CBDC-based food-subsidy transfer: 1. Chandigarh and Dadra and Nagar Haveli will be the first Union Territories where every eligible PMGKAY beneficiary receives the subsidy directly in a CBDC wallet. 2. Under the model, the subsidy will first be transferred to a conventional bank account rather than directly to a CBDC wallet. Which of the statements given above is/are correct?

A 1 only

B 2 only

C Both 1 and 2

D Neither 1 nor 2

Explanation

Statement 1 is correct. The two Union Territories will be the first to cover every eligible PMGKAY beneficiary through direct CBDC-wallet transfers. Statement 2 is incorrect because the subsidy will reach the CBDC wallet instead of being transferred to a conventional bank account.

Q2Match List I with List II in the context of the CBDC-based food-subsidy initiative: List I 1. Chandigarh and Dadra and Nagar Haveli 2. Puducherry and Gujarat 3. Listed merchants List II a. Earlier pilot implementation b. First Union Territories for full coverage of eligible PMGKAY beneficiaries c. Foodgrain purchases using the subsidy Select the correct code:

A 1-a, 2-b, 3-c

B 1-b, 2-a, 3-c

C 1-c, 2-a, 3-b

D 1-b, 2-c, 3-a

Explanation

Chandigarh and Dadra and Nagar Haveli are linked with the first full coverage of eligible PMGKAY beneficiaries through CBDC wallets. Puducherry and Gujarat are linked with the earlier pilot implementation. Listed merchants are the points where beneficiaries may use the subsidy to buy foodgrains.

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CBDC-based welfare transfers MCQ - Practice Questions with Answers

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