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

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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?

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.

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