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RBI Act 1934, will be amended to enable it to issue the digital currency. Although Central Bank Digital Currency (CBDC) are conceptually no different from banknotes, introduction of CBDC would require an enabling legal framework since the current legal provisions are made keeping in mind currency in paper form. Under the Reserve Bank of India Act, 1934, the Bank is empowered to “…regulate the issue of bank notes and the keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage” (Preamble). The Reserve Bank derives the necessary statutory powers from various sections of the RBI Act – with respect to denomination (Section 24), form of banknotes (Section 25), status as legal tender (Sec 26(1)) etc.
Given below are two statements
Statement I: Acid sulphate soil is formed due to formation of Jarosite.
Statement II: Acid sulph...
The type of germplasm, which is frequently utilized by breeders for their crop improvement programme, is called as
Which of the following arrangement of the crops is correct in respect of their water requirement (WR).
Which country is the largest producer of Mango in the world?
Which of the following is a micronutrient?
Which technique is utilized to eliminate viruses from infected germplasm by utilizing the rapidly growing meristems of plants?
When Pi is productivity per unit input of the limited or non-renewable resource, Si is alteration in soil properties, Wi is change in water resource an...
Glyphosate herbicide is:
Match List 1 with List II
Easily reclaimable wasteland is suitable for
