GK Question

technology medium mcq

Which CBDC design enables interoperability with existing payment systems?

  1. API-Based Integration
  2. Common Standards
  3. Both A and B
  4. Neither

Answer: Both A and B

CBDC interoperability: APIs enable integration with UPI, cards, wallets; common standards (ISO 20022) ensure seamless data exchange. Critical for user adoption and payment ecosystem evolution.

Topic Digital Currencies
Exam Relevance Banking, UPSC, SSC