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Module: General Practice

Q96: Regarding the "Offline Functionality" of the Retail CBDC (e₹-R) introduced in the 2024-2025 pilots, which of the following statements is INCORRECT?

A
It allows transactions to be conducted without internet connectivity on both the sender's and receiver's devices.
B
It utilizes Near Field Communication (NFC) technology for "Tap and Pay" transfers.
C
It allows for unlimited transaction value in offline mode to replace bulk cash usage in rural areas.
D
The wallet balance must be loaded while online before it can be used offline.
✅ Correct Answer: C
🎯 Quick Answer:
Option C is incorrect.
Concept Definition: Offline CBDC is designed for resilience and inclusion (remote areas), but with strict safety rails.
The Limit Rule: To prevent double-spending and fraud in an offline environment (where the ledger isn't instantly updated), the RBI imposes strict limits.
Per Transaction Cap: Typically capped at a low value (e.g., ₹500) during pilots.
Cumulative Cap: Total offline spend is capped (e.g., ₹2,000) before the device must go "Online" to sync with the central ledger.
Unlimited?
Absolutely not.
That would be a massive security flaw in the system.
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