Question
Consider the following statements with reference to
Central Bank Digital Currency (CBDC): I. The digital fiat currency or CBDC can be transacted using wallets backed by blockchain. II. It is different from decentralized virtual currencies and crypto assets. III. According to the RBI, “CBDC is the legal tender issued by a public sector bank in a digital form. Which of the statements given above is/are not correct?Solution
Reserve Bank of India’s (RBI) digital rupee — the Central Bank Digital Currency (CBDC) — may be introduced in phases beginning with wholesale businesses in the current financial year. In her Budget speech on February 1, Finance Minister Nirmala Sitharaman had said that the central bank would launch the CBDC in the financial year 2022-23. According to the RBI, “CBDC is the legal tender issued by a central bank in a digital form. It is the same as a fiat currency and is exchangeable one-to-one with the fiat currency. Only its form is different”. The digital fiat currency or CBDC can be transacted using wallets backed by blockchain. Though the concept of CBDCs was directly inspired by Bitcoin, it is different from decentralised virtual currencies and crypto assets, which are not issued by the state and lack the ‘legal tender’ status.
How far is Atul from Nisha?
Statements:
Some Singer are Doctor.
Only Doctor are Dancer.
Only a few Doctor are Painter.
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 t...
Statements:
Some cats are animals.
All animals are plants.
Conclusions:
I. All cats are plants.
II. Some plants are c...
A situation is given, followed by two conclusions I and II. Read the situation and both the conclusions carefully and select the correct answer.
...
Statements: I > F = A ≤ M = S > T ≥ O = X
Conclusion
I: X < M
II: S ≥ F
Statements: P ≥ Q, R > S, R ≥ Q, T = P < U
Conclusion:
I. R > P
II. U > Q
Statement:
No one is two.
A few two are three.
Only one is four.
Conclusion:
1. All two being three is a possibilit...
Statement:
Generally Noida are Meerut.
A few Meerut are Delhi.
All Delhi are Raipur.
No Meerut is Ranchi.
Conclusio...
Statement:
Only a few horses are camel.
Mostly camel are rabbit.
Each rabbit is cow.
Conclusion:
1. All horse being...