— The Reserve Bank of India (RBI) has conceptualised a lightweight payment and settlements system, which it is calling a “bunker” equivalent of digital payments, which can be operated from anywhere by a bare minimum staff in exigencies such as natural calamities or war. — The infrastructure for this system will be independent of the technologies that underlie the existing systems of payments such as UPI, NEFT, and RTGS. Hence, statement 1 is not correct. — The lightweight and portable payment system could ensure near zero downtime of the payment and settlement system in the country and keep the liquidity pipeline of the economy alive and intact by facilitating uninterrupted functioning of essential payment services like bulk payments, interbank payments and provision of cash to participant institutions. Hence, statement 2 is correct. — The system is expected to process transactions that are critical to ensure the stability of the economy, including government and market related transactions.
Innovators have a salient feature associated with them. It is
On the basis of their shelf-life, potatoes and onions are classified as:
Test cross ratio for the monohybrid is
Given below are two statements:
Statement I
Potassium is accumulated passively by both the cytosol and vacuole when extracellular K* co...
What is the recommended isolation distance for certified onion seed production?
India's first Agriculture University is established in which state?
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Maximum export agriculture product in India
