GK Question

technology medium mcq

Which CBDC benefit enables faster cross-border payments compared to traditional systems?

  1. 24/7 Availability
  2. Direct Settlement
  3. Reduced Intermediaries
  4. All of these

Answer: All of these

CBDC cross-border payments: operate 24/7, enable direct central bank-to-central bank settlement, reduce correspondent banking layers. Critical for trade finance and remittance efficiency.

Topic CBDC
Exam Relevance Banking, UPSC, SSC