GK Question

technology medium mcq

Which CBDC feature enables conditional welfare payments with usage restrictions?

  1. Smart Contracts
  2. Programmable Money
  3. Both A and B
  4. Neither

Answer: Both A and B

Programmable CBDC enables subsidies usable only for specific goods/services (food, education), preventing misuse while ensuring benefits reach intended purposes. Critical for social welfare efficiency.

Topic Digital Currencies
Exam Relevance Banking, UPSC, SSC