MCQ
upsc-p1-science-tech-blockchain-quantum MCQ - Practice Questions with Answers
Solve 1 upsc-p1-science-tech-blockchain-quantum questions for RAS/RPSC preparation.
Practice questions
Q1With reference to India's digital rupee, consider the following statements: 1. RBI's retail digital rupee pilot began on 1 December 2022. 2. The digital rupee is RBI-issued central bank money at par with the physical rupee, not a decentralised private crypto-token. Which one of the following is correct?
Explanation
Both statements are correct. The retail pilot began on 1 December 2022. The issuer and monetary status are decisive: the digital rupee is central bank money issued by RBI and equal in value to the physical rupee, unlike a decentralised private crypto-asset.
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