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      Question

      The first pilot for CBDC-Retail was announced on

      December 1, 2022, also known as retail Digital Rupee. Which bank is not included in CBDC retail?
      A Bank of Baroda Correct Answer Incorrect Answer
      B Union Bank of India Correct Answer Incorrect Answer
      C HDFC Bank Correct Answer Incorrect Answer
      D Kotak Mahindra Bank Correct Answer Incorrect Answer
      E Bank of India Correct Answer Incorrect Answer

      Solution

      The pilot began with four banks including State Bank of India, ICICI Bank, Yes Bank, and IDFC First Bank while four other banks — Bank of Baroda, Union Bank of India, HDFC Bank, and Kotak Mahindra Bank joined it subsequently. Five more banks including Punjab National Bank, Canara Bank, Federal Bank, Axis Bank, and IndusInd Bank are in the process of joining the pilot. 

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