GK Question

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The pilot phase of India's retail CBDC allows transactions via ________ wallets issued by partner banks.

Answer: Digital / e₹

e₹-R pilot involves major banks issuing digital wallets for retail transactions: P2P, P2M, QR payments. Tests usability, scalability, and integration with existing payment systems before full rollout.

Topic CBDC
Exam Relevance Banking, SSC, UPSC