Question
Which of the following Statements is/are True? I- Digital Currency is same as Electronic versions of currency. II- Digital currency is any currency that’s available exclusively in electronic form. III- Bitcoin is the only Digital Currency available currently.
Solution
Digital currency is any currency that’s available exclusively in electronic form. Electronic versions of currency already predominate most countries’ financial systems.
More Section Test ESI Questions
- Which of the following Statements about Multiplier Effect is/are True? I- When the government spends a rupee, overall income rises by a multiple (more tha...
- What is the basic difference between Gross NPA and Net NPA? I- Gross NPA is the total of Bank loans and Net NPA is the total of all kinds of loans includi...
- Who among the following is not one of the eligible beneficiaries of PMUY?
- Which of the following statements about Prompt Corrective Action is/are True? I-Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Prompt Corrective Action Framework refers to the centra...
- Which of the following Statements about IREDA is/are True? I- &nb...
- When Government expenditure is more than income, through which of the following ways, it does the deficit financing? (1) From Banks (2)...
- Consider the following statements regarding Phase II of the Swachh Bharat Mission (Grameen) [SBM (G)] 1) The program will be implemented with 100 ...