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RBI has also recently launched pilots of CBDC in both the Wholesale and Retail segments. Hence, statement 1 is not correct. Digital Rupee –Wholesale- the pilot in the wholesale segment was launched on 1st November 2022, with the use case being limited to the settlement of secondary market transactions in government securities. Use of Digital Rupee- Wholesale is expected to make the inter-bank market more efficient. The pilot in the retail segment, known as Digital Rupee-Retail kicked off on 1st December 2022, within a closed user group comprising participating customers and merchants. It is the same as a fiat currency and is exchangeable one-to-one with the fiat currency. Hence, statement 2 is correct.
Why did SEBI cancel the registration of Karvy Investor Services Ltd. (KISL) as a merchant banker?
TDS on benefit or perquisite of a business or profession is covered under _______
Which of the following are not the types of Retail Loans?
1. Home Loans
2. Car Loans
3. Education loans
Under which Scheme of PFRDA, the scheme is no longer accepting enrolments from income tax payers from October 1, 2022?
The exporter is provided finance for the purchase of raw materials and processing them into finished products, this type of finance is called
RBI has recently extended the guidelines related to Legal Entity Identifier (LEI) to…
As per the Economic Survey 2023-24, what was the primary focus of India's economic response to the pandemic?
A measure of how the returns of two risky assets move in relation to each other is the: