UPSC PRELIMS · ECONOMICS · DIGITAL CURRENCY — CBDC
With reference to Central Bank digital currencies, consider the following statements : 1. It is possible to make payments in a digital currency without using 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 isfare correct?
Take a breath. Choose one. Press A–D on your keyboard if you like.
EXPLANATION
CBDCs can enable payments without dependence on the US dollar/SWIFT and can support programmability such as spending conditions. Both statements are correct.
More Economics practice
ECONOMICS · Indian Economy: Energy
Consider the following: 1. Battery storage 2. Biomass generators 3. Fuel cells 4. Rooftop solar photovoltaic systems How many of the above…
ECONOMICS · Indian Economy: Energy
Pumped-storage hydropower is mainly used for which one of the following purposes?
ECONOMICS · Indian Economy: Financial Markets
Collateral Borrowing and Lending Obligations are instruments of which one of the following markets?
ECONOMICS · Indian Economy: Agriculture
Which one of the following best describes the initiative '100 Million Farmers'?
Ready for the real thing?
Battle other aspirants in timed 1v1 Prelims duels, climb the rating ladder and keep your daily streak. Free and ad-free.