Question
Directions: Sentences of a paragraph are given below in
jumbled order. Arrange the sentences in the correct order to form a meaningful and coherent paragraph. A: E-currency refers to digital or virtual currencies that are used for online transactions B: Unlike physical currency, e-currencies exist solely in electronic form and are not issued by any central authority C: Cryptocurrencies like Bitcoin and Ethereum are examples of e-currencies D: They offer the potential for faster, borderless transactions and increased financial inclusion E: However, they also raise concerns about regulatory oversight, security, and potential misuseSolution
A: E-currency refers to digital or virtual currencies that are used for online transactions: This sentence introduces the topic of e-currency and provides a basic definition of what it is. B: Unlike physical currency, e-currencies exist solely in electronic form and are not issued by any central authority: This sentence contrasts e-currencies with physical currency, explaining that e-currencies are digital and don't have a central issuing authority like traditional currencies. C: Cryptocurrencies like Bitcoin and Ethereum are examples of e-currencies: This sentence provides specific examples of e-currencies by mentioning Bitcoin and Ethereum. D: They offer the potential for faster, borderless transactions and increased financial inclusion: This sentence elaborates on the advantages of e-currencies, highlighting their benefits such as faster transactions and increased accessibility to financial services. E: However, they also raise concerns about regulatory oversight, security, and potential misuse: This sentence presents the other side of the equation by mentioning the concerns associated with e-currencies, including regulatory challenges, security issues, and potential misuse for illegal activities.
India's wholesale price index (WPI)-based inflation in July came in at_________, significantly higher than (-)4.12 percent reported in June on account o...
__________ is the interest rate at which the Reserve Bank of India provides money to the scheduled commercial banks who are facing acute shortage of liq...
National Bank for Agriculture and Rural Development (NABARD) was formed on the recommendations of which committee?
Which is a specialised division of RBI through which it prints and mints Indian currency notes (INR)?
“Relationship beyond banking” is the tagline of which of the following bank?
Which of the following is a monetary policy tool which allows banks to borrow money through repurchase agreements that is primerily used by the Reserve ...
According to the data provided by the government, foreign direct investment (FDI) into India declined 34 per cent to _______during April-June 2023-24, d...
Which organization in India is responsible for issuing government bonds?
Which of the following is a primary goal of financial planning?
Indian Railway Finance Corporation (IRFC) has sold two sets of bonds worth a total of ₹3,940 crore, while ________ has sold 10-year tier-II bonds wort...