With reference to Digital Rupee consider the following statements:1.It is an electronic version of cash which will be available to all the private sector, nonfinancial consumers and businesses.2.It will be issued in a different denomination than the fiat currency.3.Retail Digital Rupee can be used in consumer-to-consumer (C2C) transactions as well as consumer-to-business (C2B) transactions.Which of the statements given above are correct?

Q. With reference to Digital Rupee consider the following statements:
1.It is an electronic version of cash which will be available to all the private sector, nonfinancial consumers and businesses.
2.It will be issued in a different denomination than the fiat currency.
3.Retail Digital Rupee can be used in consumer-to-consumer (C2C) transactions as well as consumer-to-business (C2B) transactions.
Which of the statements given above are correct?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: C

Notes:

Statement 1 and 3 are correct. Digital Rupee is an electronic version of cash which will be available to all the private sector, nonfinancial consumers and businesses. Retail Digital Rupee will be useful in consumer-to-consumer (C2C) transactions as well as consumer-to-business (C2B) transactions.

Statement 2 is incorrect. Digital Rupee will be in the same denomination like the fiat currency.

Source: The Indian Express

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