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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.
Read the direction carefully and answer the following question.
In a certain code language, ‘ FOCUS’ is written as ‘ TKWEG ’ and ‘ ...
A man is standing in the park facing North. He turns to 90° towards the left and walks 40 km. He again takes a 90° turn towards the right and walks 50...
Select a figure from amongst the Answer Figures which will continue the same series as established by the five Problem Figures.
TDWP is related to RBUN in a certain way based on the English alphabetical order. In the same way. FJMH is related to DHKF. To which of the following is...
PRO 5' is related to 'OSQ 15' in a certain way. In the same way, 'OPO 10' is related to 'NQQ 30'. Which of the following is related to 'MAC 9' using the...
Identify the odd one
Select the option that is related to the fifth term in the same way as the second term is related to the first term and fourth term is related to third ...
Select the option figure which is embedded in the given figure as its part (rotation is NOT allowed).
Select the option that will replace the question mark (?) in the following figure series.
X # Y means 'X is the brother of Y'
X @ Y means 'X is the daughter of Y'
X & Y means 'X is the husband of Y'
X % Y means 'X is the ...