Question
The Reserve Bank of India (RBI) has initiated a pilot
program for the wholesale segment of its central bank digital currency (CBDC) in the interbank call money market.The settlements will be in ______ mode.Solution
The Reserve Bank of India (RBI) has initiated a pilot program for the wholesale segment of its central bank digital currency (CBDC) in the interbank call money market Nine banks, including four public sector banks and five private sector banks, are participating in the e-rupee call money pilot. In the call money market, banks engage in short-term borrowing and lending activities among themselves, with interest rates determined by prevailing market conditions. The operational process for the e-rupee pilot remains the same, except for the settlement, which will now be carried out using the CBDC instead of the real-time gross settlement used in trades on the Clearing Corp of India Limited (CCIL). The settlements will be in T+0 mode, indicating that trades will be settled on the same day.
Select the most appropriate meaning of the given idiom.
Latin and Greek
- Choose the alternative which is closest to the opposite in meaning of the bold word in the sentence.
The scientist's ambiguous statement left the a... The Prime Minister condemned the heinous act of the terrorists.
What is the synonym for the word "avarice"?
Bellicose
GLOOMY
A) Monstrous B) Mirage C) Reality D) Potential
One who hides away on a ship to obtain a free passage
One vowed to a single or unmarried life.
Choose the word similar in meaning to the given word:
Ephemeral