UPSC 2024: Consider the following statements in respect of the digital rupee : 1. It is a sovereign currency issued by the Reserve Bank of India (RBI) in alignment with its monetary policy. 2. It appears as a liability on the RBI's balance sheet. 3. It is insured against inflation by its very design. 4. It is freely convertible against commercial bank money and cash. Which of the statements given above are correct ?

The correct answer is option (d): 1, 2 and 4. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.

This question was asked in UPSC CSE Prelims 2024, GS Paper 1, as Question 53. It falls under Indian Economy > Digital Payments & Financial Inclusion.

This question is rated "moderate". It requires sound conceptual understanding of the topic.

UPSC has asked 18 questions from Digital Payments & Financial Inclusion (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.