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UPSC Civil ServicesPrelims2023General Studies Paper I
Question
QQ72. With reference to Central Bank digital currencies, consider the following statements : 1. It is possible to make payments in a digital currency without using US dollar or SWIFT system. 2. A digital currency can be distributed with a condition programmed into it such as a time-frame for spending it. Which of the statements given above is/are correct?
Options
- A 1 only
- B 2 only
- C Both 1 and 2
- D Neither 1 nor 2
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Correct Answer
C Both 1 and 2
Model Answer
Answer: option C, as per UPSC's final answer key (Series A).