Question

Which of the following information is/are not true in accordance to the e-rupee in circulation as of March 2023-

I. As per data from RBI’s Handbook of Statistics on the Indian Economy for FY23, e-rupee worth ₹16.39 crore is in circulation as of March 2023.

II. Of the total e-rupee circulation, ₹10.69 crore was  retail CBDC whereas ₹5.70 crore was wholesale CBDC.

III.  The circulation was highest for ₹500 CBDC notes at ₹2.71 crore, followed by ₹200 notes at 1.16 per cent.

A Only I Correct Answer Incorrect Answer
B Only II Correct Answer Incorrect Answer
C Only I & II Correct Answer Incorrect Answer
D Only II & III Correct Answer Incorrect Answer
E Only II & III Correct Answer Incorrect Answer

Solution

   As per data from RBI’s Handbook of Statistics on the Indian Economy for FY23, Central Bank Digital Currency (CBDC) or e-rupee worth ₹16.39 crore is in circulation as of March 2023.    Of the total e-rupee circulation, ₹10.69 crore was wholesale CBDC whereas ₹5.70 crore was retail CBDC.     The circulation was highest for ₹500 CBDC notes at ₹2.71 crore, followed by ₹200 notes at 1.16 per cent.

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