Question
Consider the following statements with reference to
Central Bank Digital Currency (CBDC): I. The digital fiat currency or CBDC can be transacted using wallets backed by blockchain. II. It is different from decentralized virtual currencies and crypto assets. III. According to the RBI, “CBDC is the legal tender issued by a public sector bank in a digital form. Which of the statements given above is/are not correct?Solution
Reserve Bank of India’s (RBI) digital rupee — the Central Bank Digital Currency (CBDC) — may be introduced in phases beginning with wholesale businesses in the current financial year. In her Budget speech on February 1, Finance Minister Nirmala Sitharaman had said that the central bank would launch the CBDC in the financial year 2022-23. According to the RBI, “CBDC is the legal tender issued by a central bank in a digital form. It is the same as a fiat currency and is exchangeable one-to-one with the fiat currency. Only its form is different”. The digital fiat currency or CBDC can be transacted using wallets backed by blockchain. Though the concept of CBDCs was directly inspired by Bitcoin, it is different from decentralised virtual currencies and crypto assets, which are not issued by the state and lack the ‘legal tender’ status.
B is 5 years older than A and A is 8 years older than C. If the sum of the age of A and C is 24 years, then find the sum of the ages of all three.
"Three friends, Aman, Bhuvan, and Chinu, have the following age relationship: Aman's age six years ago was half of Bhuvan's age t...
Sum of the present ages of A, B, C and D is 65 years. After 4 years ratio of their ages is 6:5:4:3. What is C’s present age?
- Five years from now, the sum of the ages of ‘X’ and ‘Y’ will be 50 years. Ten years ago, ‘X’ was 8 years younger than ‘Y’. What will be the...
If 3 years is subtracted from the present age of R and the remainder is divided by 9, then the present age of his grandson A is obtained. If A is 4 yea...
The average age of the husband, wife, and their child 4 years ago was 24 years and that of the husband and the child 5 years ago was 19 years. The pres...
Present age of ‘A’ is 40% more than that of ‘B’. If 11 years hence from now, ‘B’ will be 5 years younger than ‘A’, then find the sum of ...
Present age of ‘A’ is 40% more than that of ‘B’. If 14 years hence from now, ‘B’ will be 8 years younger than ‘A’, then find the sum of ...
6 years ago, the ratio of the ages of Tara and Uma was 5:3. The present age of Sid is 14 years more than half of Uma’s present age. Find the present a...
Four years ago, the total age of Riya and Samarth was 56 years. At present, the ratio of their ages is 3:5. What will be Samarth’s age six years from ...
