New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

     RBI will launch the Pilot Project of Digital

    Rupee in the wholesale segment on 1 November 2022.  How many banks have been identified for participation in the pilot project?
    A Ten Correct Answer Incorrect Answer
    B Nine Correct Answer Incorrect Answer
    C Eight Correct Answer Incorrect Answer
    D Four Correct Answer Incorrect Answer
    E Five Correct Answer Incorrect Answer

    Solution

    In the RBI’s Pilot Project of Digital Rupee, nine banks will be participating in it which includes, State Bank of India, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank, and HSBC. The Digital currency or rupee is an electronic form of money that can be used in contactless transactions.

    Practice Next

    Relevant for Exams: