The pilot phase of India's wholesale CBDC focuses on ________ market settlements.
- Engineering Task Force / IETF
- Government Securities / G-Sec
- WTO / OECD
- 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.