Question
Recently RBI approved five banks to work with it on a
pilot project for its digital currency -- the Digital Rupee, which of the following is not in the list of RBI?Solution
The RBI has roped in at least five banks to work with it on a pilot project for its digital currency -- the Digital Rupee for the retail market. these banks are State Bank of India, ICICI Bank, IDFC First Bank and HDFC Bank. The RBI is working on two fronts to test the central bank digital currency (CBDC): one for the wholesale market, and the other for retail (CBDC-R). The central banker is also weighing whether to build a new framework for its digital currency or make retail CBDC interoperable with the current digital payments system.
Recently a bus service of India, ‘Mo Bus’ Service received the prestigious UN Public Service Award for their role and efforts in ...
In which city in Maharashtra is the Aga Khan Palace located?
How many operational factories were reported in India’s organized manufacturing sector in FY23 according to the ASI?
The Study of lizards is known as
Every year flamingo festival is organized in Pulikat lake to attract tourists. The lake is in the state of:
What is the main ingredient in pesto sauce.
Intensity of Sound is measured in ________
The National Emblem of India is an adaptation of the Lion Capital built by which emperor?
...Which of the following is the first payment bank of India
In the eukaryotic cell cycle, which phase is known as the 'distance phase' where chromosomes decondense and the nuclear membrane reforms?