technology medium Fill in the Blank

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

  1. Stake
  2. FATF / Financial Action Task Force
  3. Digital / e₹
  4. Reversibility / Recoverability

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
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