एकीकृत भुगतान इंटरफ़ेस (UPI) और केंद्रीय बैंक डिजिटल मुद्रा (डिजिटल रुपया) के बारे में निम्नलिखित में से कौन-सा कथन सही नहीं है ?
Read this question in English
Which one of the following statements about Unified Payments Interface (UPI) and Central Bank Digital Currency (Digital Rupee) is not correct?
(a) UPI is a real-time payment system but Digital Rupee is akin to sovereign paper currency. · (b) In case of UPI, settlement for end users happens instantly as the money gets immediately debited or credited but in case of Digital Rupee, there is no settlement as the wallet balance gets transferred to another wallet. · (c) UPI transactions are recorded by banks and reflected in bank statements but in case of Digital Rupee, no data is captured in bank statements as transactions are from one wallet to another. · (d) In both the cases (UPI and Digital Rupee), the liability lies with the users and their respective banks.
उत्तर और व्याख्या · explanation in English
Answer: (d) दोनों मामलों (UPI और डिजिटल रुपया) में, उपयोगकर्ताओं और उनके संबंधित बैंकों पर देयता होती है ।
The Digital Rupee is legal tender issued by the RBI and is a direct liability of the central bank, so it is not a liability of users or their banks. Option (d) wrongly says the liability lies with users and banks in both cases.
- ✓ (d) RBI’s concept note says CBDC appears as a liability on the central bank’s balance sheet, and retail CBDC is a direct liability of the Central Bank. So (d) is the statement that is not correct.
- ✗ (a) This is a correct statement, so it is not the answer: the RBI describes the Digital Rupee as akin to sovereign paper currency in a different form, while UPI is a real-time payment system.
Remember · Digital Rupee (e₹) = RBI liability, akin to a digital banknote; UPI = instant payment over bank accounts, where bank deposits are bank liabilities.
Sources
- RBI: Concept Note on Central Bank Digital Currency (October 2022) ↗ “CBDCs would appear as liability on a central bank’s balance sheet. … Retail CBDC can provide access to safe money for payment and settlement as it is a direct liability of the Central Bank. … It is akin to sovereign paper currency but takes a different form, exchangeable at par with the existing currency and shall be accepted as a medium of payment, legal tender and a safe store of value.”
Question and answer: UPSC's provisional GS Paper I (2026, Series A) — paper ↗ · answer key ↗. Explanation: Minimalist IAS, checked 30 Sept 2026 (how we verify). ·