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Q5 · UPPSC current affairs · 4 October 2026 · News · RBI Stance on Cryptocurrencies and Distributed Ledger Technology

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English हिंदी

Consider the following statements regarding digital currency and technology frameworks in India:1.Central Bank Digital Currency (CBDC) is legal tender issued directly by the Ministry of Finance.2.Distributed Ledger Technology (DLT) serves as the underlying decentralized technology framework used in tokenisation.Which of the statements given above is/are correct?

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A Both 1 and 2
B Neither 1 nor 2
C 2 only
D 1 only

Correct answer: (c) 2 only

Explanation

Statement 1 is incorrect because CBDC is issued directly by the Reserve Bank of India, not the Ministry of Finance. Statement 2 is correct as DLT is the underlying decentralized digital database framework used in tokenisation.

Same topic · past papers

UPSC has asked this before

These previous-year questions sit on the same topic. Open one to practise the earlier ask.

  1. 2022 · Q118 · UPPGS

    Which of the following statement(s) is/are correct about ‘Make in India’ Programme? 1. ‘Make in India’ Programme was launched in the year 2014. 2. It aims at encouraging companies for manufacturing in India and facilitating investment. Select the correct answer from the code given below:

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