technology medium Fill in the Blank

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

  1. Events / Messages
  2. mBridge / Multi-CBDC
  3. Index / GCI
  4. Demand Assigned Multiple / DAMA

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
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