GK Question

technology medium mcq

Which CBDC benefit enables financial inclusion for unbanked populations?

  1. Offline Capability
  2. Low-Cost Transactions
  3. Simplified Onboarding
  4. All of these

Answer: All of these

CBDC inclusion features: offline mode for connectivity-challenged areas, low transaction costs vs traditional banking, simplified KYC for basic accounts. Critical for expanding financial access.

Topic CBDC
Exam Relevance Banking, UPSC, SSC