Start learning 50% faster. Sign in now
CBDCs are a digital form of a paper currency and unlike cryptocurrencies that operate in a regulatory vacuum, these are legal tenders issued and backed by a central bank. •It is the same as a fiat currency and is exchangeable one-to-one with the fiat currency. •A fiat currency is a national currency that is not pegged to the price of a commodity such as gold or silver. •Bahamas has been the first economy to launch its nationwide CBDC — Sand Dollar in 2020. •Nigeria is another country to have rolled out e-Naira in 2020. •China became the world's first major economy to pilot a digital currency e-CNY in April 2020.
Who is known as the father of Civil-Services in India?
GOI announced construction of an iconic cable stayed-cum-suspension bridge across which river(Oct)
In which year the University Grants Commission(UGC) was constituted in India?
Who among the following has been bestowed upon the title of ‘Pandit’?
Which is the longest mountain range in the lesser Himalayas?
Who has released the book, “India 2020 yearbook”?
The 'Centre of Jain Manuscriptology' established at Gujarat University is funded by the Ministry of Minority Affairs with how much budget?
Which company has launched the world’s first large-scale 100% hydrogen-ready engine power plant?
Which of the following animals breathes through its skin?
The spread of which of the following diseases are not caused by mosquitoes:
(i) Malaria
(ii) Leptospirosis
(iii) Chikungunya
(iv) Typhoid