Civil Services Examination · Question 72

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 timeframe for spending it. Which of the statements given above is/are correct?

1. A1 only
2. B2 only
3. CBoth 1 and 2
4. DNeither 1 nor 2