Question
Which Act will be amended to issue the digital
currency?Solution
RBI Act 1934, will be amended to enable it to issue the digital currency.  Although Central Bank Digital Currency (CBDC) are conceptually no different from banknotes, introduction of CBDC would require an enabling legal framework since the current legal provisions are made keeping in mind currency in paper form. Under the Reserve Bank of India Act, 1934, the Bank is empowered to “…regulate the issue of bank notes and the keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage” (Preamble). The Reserve Bank derives the necessary statutory powers from various sections of the RBI Act – with respect to denomination (Section 24), form of banknotes (Section 25), status as legal tender (Sec 26(1)) etc.
Statements:
Some Black are Red.
Some Red are White.
Only White is Green.
Conclusion:
I. All Black can be Green.<...
Statements:
All Telegram are Office.
Some Letter are Office.
Some Mail are Letter.
No Letter is Posts.
Conclusions:
In the question below some statements are given followed by three conclusions I, II, and III. You have to take the given statements to be true even if ...
In the question below some statements are given followed by three conclusions I, II, and III. You have to take the given statements to be true even if ...
Statements:Â Â Â Â Â Â Â
Some Mobile are Sim
All Mobile are Cable
No Cable is an Adapter
Only a few Cups are Adapter
Three statements are given followed by two conclusions numbered I and II. Assuming the statements to be true, even if they seem to be at variance with ...
In the question below there are three statements followed by three conclusions I, II and III. You have to take the four given statements to be true eve...
Statement
Only a few Pumpkins are Apples
All Apples are Oranges
No Orange is a Pear
Conclusion
I. Some Pears are not ...
Statement:
Only a few beautiful are smart.
All smart are handsome.
No handsome is ugly.
Conclusion:
I. Some beautiful...
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
