New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Consider the following statements with respect to the

    Central Bank of Digital Currency (CBDC)- I.CBDC in simple terms is known as a digital banknote and holds the same value as India's paper currency. II.CBDCs are divided into two types: retail and wholesale CBDCs. III.Wholsale CBDCs are available to the general public while Retail CBDCs  are only available to financial institutions and interbank settlements.   Which of the following statements is/are NOT TRUE ?
    A Only I Correct Answer Incorrect Answer
    B Only II Correct Answer Incorrect Answer
    C Only III Correct Answer Incorrect Answer
    D Only I & III Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    CBDC in simple terms is known as a digital banknote and holds the same value as India's paper currency.CBDCs are divided into two types: retail and wholesale CBDCs.Retail CBDCs are available to the general public.Wholesale CBDCs, which are only available to financial institutions and interbank settlements.   

    Practice Next

    Relevant for Exams: