Q. Consider the following statements::
1.e-rupee, known as the “Digital Rupee,” is digital legal tender issued by the Reserve Bank of India.
2.e-rupee can only be transferred to another e-rupee wallet.
3.e-rupee is designed to replace cash and cards..
Which of the statements given above is/are correct?
Answer: A
Notes:
Explanation –
Statements 1 and 2 are correct. e-rupee, known as the “Digital Rupee,” is digital legal tender issued by the Reserve Bank of India. e-rupee can only be transferred to another e-rupee wallet, meaning it cannot be transferred into another bank’s accounts or UPI VPAs.
Statement 3 is incorrect. e-rupee is designed to complement physical currency and existing payment methods, not replace them. It offers an additional means of handling money.
Source: DNA
