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The Reserve Bank of India (RBI) launches the first pilot project for central bank digital currency (CBDC), also known as digital rupee or e-rupee. The first digital rupee pilot will be in the Wholesale segment and the central bank has identified nine banks to participate in commencing the first pilot. The nine banks are State Bank of India, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank, and HSBC. The pilot project will focus on settlement of secondary market transactions for government securities. Central Bank Digital Currency (CBDC) is a digital form of legal tender issued by the RBI. India’s CBDC will be called ‘e₹’, and it can be exchanged one-for-one for fiat currency as it is a digital form of rupee. RBI Headquarters: Mumbai Governor: Shaktikanta Das 4 Deputy Governors: T. Rabi Sankar, MK Jain, MD Patra, M Rajeshwar Rao The Reserve Bank of India defines Central Bank Digital Currency (CBDC) as a digital form of legal tender issued by a central bank. Simply put, it is a digital form of fiat currency, i.e. The Indian Rupee. As a result, it can be exchanged for fiat currency one for one. CBDC will have all of the advantages that we see with cryptocurrencies and digital forms of payment like it can never be torn, burned, or physically damaged. They are also not physically lost. In comparison to notes, the lifeline of a digital form of currency will thus be indefinite.The Digital Rupee will bring with it another significant advantage in terms of cryptocurrencies which is that it will be governed by a central authority, reducing the volatility risk associated with other digital currencies such as Bitcoin.
Select the set in which the numbers are related in the same way as are the numbers of the following sets.
(NOTE : Operations should be performed ...
Select the related alternative from the given:
Spring: Summer :: _______.
Three of the following four number pairs are alike in some manner and one is different. Identify the one which is different.
Select the option that is related to the third term in the same way as the second term is related to the first term.
GAYH : IYWJ :: FBAO : ______
Select the option that is related to the third letter-cluster in the same way as the second letter-cluster is related to the first letter-cluster.
...If 38 @ 9 = 66 and 63 @ 43 = 122, then 29 @ 57 = '?'.
F/N : 30/182 : : H/P : ?
Select the set in which the numbers are NOT related in the same way as are the numbers of the following set. (NOTE: Operations should be performed on th...
If 83 × 24 = 5, 62 × 15 = 2, 45 × 33 = 3, then 96 × 42 = ?
Select the option that is related to the third term in the same way as the second term is related to the first term.
MODE : NLWV :: JAIL : ?