The Reserve Bank of India and the United Arab Emirates have signed a memorandum of understanding (MoU) to explore interoperability between their respective central bank digital currencies, among other things. Further, CBUAE and RBI will jointly conduct proof-of-concept (PoC) and pilot(s) of bilateral CBDC bridge to facilitate cross-border CBDC transactions of remittances and trade. This bilateral engagement of testing cross-border use cases of CBDCs is expected to reduce costs, increase efficiency of cross border transactions and further the economic ties between India and UAE. The MoU also provides for technical collaboration and knowledge sharing on matters related to Fintech and financial products and services.
Which of the following statements is/are not correct in regards to Fiscal management?
1.100 years interest free loans to states
2.Fiscal d...
The new mobile app recently introduced by SEBI to spread financial literacy among the investors is __________.
Which of the following reports are on the rankings of financial centers in the world?
If a company fails to receive the minimum amount of subscription for the securities issued, it has to refund the application money within how many days...
What are the various categories of clients to whom the intermediary permitted by the Board for operating within the IFSC shall provide financial service...
Which of the following statements is/are correct in regards to the service sector in Economic Survey 2022-23?
1.India is the world’s 7th larges...
The highest surcharge rate of 37% on income above 5 crores shall be reduced to ______ % under the new tax regime.
What does the term "bullion" refer to?
As per the International Financial Services Centres Authority (Global In-House Centres) Regulations, 2020 if a Global In-House Centre fails to fulfil t...
The data released by the Ministry of Statistics and Programme Implementation (MoSPI), the indian economy grew at _____ between October and December 202...
