Correct answer: (d) 1, 2 and 4
Explanation
- A
1 and 2 only
1 and 2 only. Convertibility (4) is also keyed.
- B
1 and 3 only
1 and 3 only. e₹ is not inflation-insured by design.
- C
2 and 4 only
2 and 4 only. Drops the sovereign-currency limb, which is keyed.
- D
1, 2 and 4
1, 2 and 4. RBI CBDC; liability of RBI; convertible with cash and bank money. Not an inflation hedge by design.
Summary. Official key is (d) 1, 2 and 4. The digital rupee is a sovereign CBDC issued by the RBI, a liability on the RBI’s balance sheet, and designed to be freely convertible with cash and commercial-bank money. It is not “insured against inflation by its very design” — statement 3 is false.
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