Banking Exams General & Banking Awareness — Question 1418
Question
The RBI piloted the Central Bank Digital Currency in the Wholesale segment (e-Rupee-W) for what purpose?
- Retail merchant payments
- Cross-border remittances
- Secondary market trade in government securities (G-secs)
- Interbank forex settlement
Correct answer
C — Secondary market trade in government securities (G-secs)
Explanation (English)
The wholesale CBDC (e-Rupee-W) pilot was launched for settlement of secondary market transactions in government securities.
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