New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    The pilot of CBDC in the wholesale segment, known as the

    Digital Rupee -Wholesale (e₹-W), was launched on November 1, 2022, with use cases being limited to the settlement of secondary market transactions in government securities. When was the project for retail segment launched?
    A 21st nov 2022 Correct Answer Incorrect Answer
    B 27th nov 2022 Correct Answer Incorrect Answer
    C 30th nov 2022 Correct Answer Incorrect Answer
    D 1st dec 2022 Correct Answer Incorrect Answer
    E 11th dec 2022 Correct Answer Incorrect Answer

    Solution

    The first phase will include banks like State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank in four cities across the country. The second phase will include four more banks, viz., Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra Bank that will join the pilot later. Retail CBDC pilot starts Dec 1, to be tested in 4 banks, 4 cities initially—Mumbai, New Delhi, Bengaluru, and Bhubaneswar.

    Practice Next

    Relevant for Exams: