GK Question

technology hard mcq

Which CBDC architecture enables programmable money with conditional payments?

  1. Account-based
  2. Token-based
  3. Smart Contract-enabled
  4. All of these

Answer: Smart Contract-enabled

Smart contract-enabled CBDC allows conditional payments: escrow, subsidies with usage restrictions, automated tax collection. Requires careful design to balance flexibility with privacy and monetary policy control.

Topic CBDC
Exam Relevance Banking, UPSC, SSC