What is the primary technology underpinning the Digital Rupee?
Artificial Intelligence
Cloud Computing
Blockchain
Quantum Computing
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Which institution is responsible for launching and regulating the Digital Rupee?
Securities and Exchange Board of India (SEBI)
Reserve Bank of India (RBI)
Ministry of Finance
National Payments Corporation of India (NPCI)
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What type of currency is the Digital Rupee classified as?
Cryptocurrency
Central Bank Digital Currency (CBDC)
Stablecoin
Foreign Exchange
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Which of the following is NOT a potential benefit of the Digital Rupee?
Reduced risk in online payments
Simplified currency management
Enhanced monetary policy control
Increased volatility in financial markets
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What potential challenge could the Digital Rupee pose to the banking system?
Increased complexity in loan processing
Reduced demand for credit cards
Increased risk of bank runs due to easy withdrawals
Decreased efficiency in interbank transactions
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