UPSC Civil Services Prelims 2024
Question 5 of 75Indian Economy

Consider the following statements in respect of the digital rupee: 1. It is a sovereign currency issued by the Reserve Bank of India (RBI) in alignment with its monetary policy. 2. It appears as a liability on the RBI’s balance sheet. 3. It is insured against inflation by its very design. 4. It is freely convertible against commercial bank money and cash. Which of the statements given above are correct?

A1 and 2 only
B1 and 3 only
C2 and 4 only
D1, 2 and 4

Correct Answer

The correct answer is hidden

Explanation

37 words hidden ... just as physical currency does. It is also designed to be convertible with cash and commercial bank money. Statement 3 ... 35 words hidden

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