UPSC Civil Services Prelims 2023
Question 12 of 75Indian Economy
With reference to Central Bank digital currencies, consider the following statements: 1. It is possible to make payments in a digital currency without using the US dollar or SWIFT system. 2. A digital currency can be distributed with a condition programmed into it such as a time-frame for spending it. Which of the statements given above is/are correct?
A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
Correct Answer
The correct answer is hidden
Explanation
27 words hidden ... It can also be designed with programmable features, such as conditions or time limits for use, depending on ... 25 words hidden