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UPSC Civil ServicesPrelims2026General Studies Paper I
Question
QQ90. Which one of the following statements about Unified Payments Interface (UPI) and Central Bank Digital Currency (Digital Rupee) is not correct ?
Options
- A UPI is a real-time payment system but Digital Rupee is akin to sovereign paper currency.
- B In case of UPI, settlement for end users happens instantly as the money gets immediately debited or credited but in case of Digital Rupee, there is no settlement as the wallet balance gets transferred to another wallet.
- C UPI transactions are recorded by banks and reflected in bank statements but in case of Digital Rupee, no data is captured in bank statements as transactions are from one wallet to another.
- D In both the cases (UPI and Digital Rupee), the liability lies with the users and their respective banks.
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Correct Answer
D In both the cases (UPI and Digital Rupee), the liability lies with the users and their respective banks.
Model Answer
Answer: option D, as per UPSC's provisional answer key of 27 May 2026 (Series A). UPSC publishes the final key after the exam's final result.