technology medium Fill in the Blank

The pilot phase of India's wholesale CBDC focuses on ________ market settlements.

  1. Engineering Task Force / IETF
  2. Government Securities / G-Sec
  3. WTO / OECD
  4. Stake / PoS

Answer: Government Securities / G-Sec

e₹-W pilot tests real-time gross settlement of government securities transactions between banks and financial institutions. Aims to improve efficiency, reduce counterparty risk, and enable new financial products.

Topic CBDC
Exam Relevance Banking, UPSC, SSC
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