Question

    Consider the following statements with respect to the Central Bank of Digital Currency (CBDC)-

    I.CBDC in simple terms is known as a digital banknote and holds the same value as India's paper currency.

    II.CBDCs are divided into two types: retail and wholesale CBDCs.

    III.Wholsale CBDCs are available to the general public while Retail CBDCs  are only available to financial institutions and interbank settlements.  

    Which of the following statements is/are NOT TRUE ?

    A Only I Correct Answer Incorrect Answer
    B Only II Correct Answer Incorrect Answer
    C Only III Correct Answer Incorrect Answer
    D Only I & III Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    CBDC in simple terms is known as a digital banknote and holds the same value as India's paper currency.CBDCs are divided into two types: retail and wholesale CBDCs.Retail CBDCs are available to the general public.Wholesale CBDCs, which are only available to financial institutions and interbank settlements.   

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