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It is the same as a fiat currency and is exchangeable one-to-one with the fiat currency. Statement I is not correct - The digital fiat currency or CBDC can be transacted using wallets backed by blockchain. Bahamas has been the first economy to launch its nationwide CBDC — Sand Dollar. Statement II is not correct - China became the world's first major economy to pilot a digital currency e-CNY in April 2020. Nigeria is another country to have rolled out eNaira in 2020. Statement III is correct - CBDCs are a digital form of a paper currency and unlike cryptocurrencies that operate in a regulatory vacuum, these are legal tenders issued and backed by a central bank.
A invested a certain amount in Debt and Equity mutual funds in the ratio of 5: 7 respectively. At the end of one year, he earned a total dividend of 30%...
In an examination, Ankita scored 58%, Namita scored 88%, and Minakshi scored 642 marks. Ankita's marks were 522. What is the average marks scored by all...
In an election contested between two candidates, 75% of the total voters in the city participated in voting, out of which 20% of ...
A scored 20% more than B. If both score 4 marks more than the sum of the marks scored by A and B together would have been 20% more than the passing mar...
If the income & expenditure ratio of a person is 12 : 7, if the income increases by 16.66 % and saving will increase by 20%, then how much percent e...
Due to recession in the company number of employees decreased by 12.5%, but the working time of employees increased by 2 hrs, so that the production of ...
A man spends 75% of his income. His income increases by 20% and his expenditure also increases by 10%. Find the percentage increase in his savings.
In a recent survey in a city, 60% houses contained two or more persons and rest have only 1 person. Of those houses having only one person, 45% were ha...
In an office with 400 employees (comprising both men and women), preferences for either 'Tea' or 'Coffee' exist. The number of men who like 'Tea' to tho...
A man spent 20% of his income in May. If his savings is increased by 20% in June and becomes Rs. 11520, then find the income of man in May.
