GK Question

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The CBDC pilot testing cross-border payments with other central banks is called ________ Pilot.

Answer: mBridge / Multi-CBDC

Multi-CBDC platforms (mBridge, Project Dunbar) test cross-border settlements using interoperable digital currencies. Aims to reduce cost, time, and intermediaries in international payments.

Topic CBDC
Exam Relevance Banking, UPSC, SSC