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      Question

      The Union Budget announced the introduction of digital

      rupee. It will be launched by ___________.
      A NPCI Correct Answer Incorrect Answer
      B RBI Correct Answer Incorrect Answer
      C State Bank of India Correct Answer Incorrect Answer
      D HDFC Bank Correct Answer Incorrect Answer
      E an SPV by RBI & other Central Banks Correct Answer Incorrect Answer

      Solution

      The budget proposal mentions that the digital rupee will be introduced by the Reserve Bank of India (RBI) in FY 2022-23. A central bank digital currency (CBDC) is a digital currency that would be issued and overseen by a countryтАЩs central bank. Digital Rupee can have many uses, such as in programmable payments for subsidies and by financial institutions for quicker lending and payments. ┬а

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