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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.
In the given question, three statements are given each followed by two conclusions I and II. You have to consider the statements to be true, even if th...
Statements: All TVs are monitors.
...
Statements:
Only a few animal is wild
All wild is domestic
No bird is wild
Conclusions:
I. A few domestic can be bird...
Statements:
Some creams are butters.
Some butters are cakes.
No cake is a bread.
Conclusion:
I. Somecakes may not...
In the question below there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be true ev...
Statements: All consonants are letters.
All letters are noun.
No noun is pronoun.
Conclusions:I. All nouns are letters.
II. ...
Statement:
Only Earth is Sun
Some Earth is Moon
Conclusion:
I. All Earth are Moon is a possibility
II . A...
Statements:
Few Numbers are Letters.
All Numbers are Consonants.
Some Consonants are not Alphabets.
Conclusion:
Statements: All plots are lands.
All lands are houses.
...
Statements:
No parrot is an eagle.
Some eagles are hens.
Conclusions:
I. Some parrots are not hens.
II. ...
