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    Question

    Identify the correct statement about e-Rupee.

    1. It is cashless and contactless payment system

    2. It is as good as digital currency

    3. It will not require any app or card for the payment

    A 2 and 3 only Correct Answer Incorrect Answer
    B 1 and 2 only Correct Answer Incorrect Answer
    C 3 only Correct Answer Incorrect Answer
    D 1 and 3 only Correct Answer Incorrect Answer
    E All are correct Correct Answer Incorrect Answer

    Solution

    This platform is a cashless and contactless instrument that will be used for making digital payments. It is a QR code or SMS string-based e-voucher which will be delivered to the mobile of the users. The users will be able to redeem this voucher without any digital payment app, internet banking, or card. It is completely different from the concept of digital currency.

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