Question
When did the RBI launch the retail pilot of the e-rupee,
according to the digital currency sandbox details?Solution
The RBI retail e-rupee pilot began on December 1, 2022, and later evolved into a sandbox model for fintech testing under RBI’s supervision. It now has over 7 million users using the digital rupee ecosystem.
What type of banking transaction allows customers to earn interest on their deposited funds and provides easy access to their money for daily expenses?
A company produces 1,000 units. Standard material consumption per unit is 4 kg @ ₹25/kg. Actual consumption is 4,500 kg @ ₹24/kg. Calculate the Mate...
In process costing, the cost of normal loss is:
Calculate Total asset turnover ratio of the company?
Which ratio measures a company’s ability to meet short-term obligations excluding inventory?
A fire insurance policy was issued for one year on 1st January 2024 with a total premium of ₹1,20,000. The insurer recognizes revenue on a time-propor...
If an accounting information is free from errors, then which qualitative characteristic is reflected?
Under the MSE-CDP Scheme, what is the Government of India subsidy percentage for new Common Facility Centres (CFCs) with a project cost between ₹5–1...
Great Insurance Co. Ltd. on 31.12.2022 had reserve for unexpired risk of 5 crores in respect of miscellaneous business. During 2023, the premium collect...
If an individual is unable to pay back the overdraft taken by him it is known as
