← UPSC Prelims 2026 Answer Key

Question 55 · Economy

Q55Economy

Which one of the following statements about Unified Payments Interface (UPI) and Central Bank Digital Currency (Digital Rupee) is not correct?

AUPI is a real-time payment system but Digital Rupee is akin to sovereign paper currency.
BIn 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.
CUPI 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.
DIn both the cases (UPI and Digital Rupee), the liability lies with the users and their respective banks.

Answer Keys

Vision IASNot released
Vajiram & RaviNot released
Drishti IASNot released
Shankar IASNot released
Official UPSCNot released
Stategy IAS
C

Discussion (0)

500 chars left

Loading comments…

Comments are anonymous. Be respectful and on-topic.

Mark All 100 Questions & Check Score →