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— 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.
Inter breeding of individuals of same breed which do not have common ancestors for 4 to 5 generations?
FMD vaccines is given to sheep at an interval of?
According to FSS rules,_____shall be responsible for inspection of food business, obtaining samples and sending them to the food analyst.
Ceteris paribus means
What is the minimum amount of assistance under National horticulture Mission for adoption of organic farming?
Which member of honey bee colony produces royal jelly?
Crop failure due to prolonged dry spells during crop period and less than 75 days of crop growing season are the characteristics of which type of farming?
What should be the pH for the Fish pond for fish culture?
Which nutrient deficiency is primarily responsible for the yellowing of tea leaves?
Two orbitals occupying the same position are distinguished by-