Consider the following statements regarding e-RUPI: 1. It is a pre-paid, one-time voucher system developed by the National Payments Corporation of India (NPCI). 2. It functions as a digital currency that can be stored in a wallet and used for any general-purpose transaction by the public. Which of the statements given above is/are correct? |ForumIAS

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A

Notes:

Explanation:

Statement 1 is correct: It is a person-specific and purpose-specific digital voucher.
Statement 2 is incorrect: e-RUPI is not a currency but a payment instrument (voucher). It is leaked/issued for specific uses (like vaccine subsidies or fertilizers) and cannot be used for general shopping like cash.