The central bank has issued banknotes in digital form under the name “digital rupee”, also known as “Central Bank Digital Currency” (CBDC). It’s exactly like currency, but because it’s digital, it’s simpler, faster, and less expensive. Additionally, it also offers all the advantages for transactions that other digital payment systems do.
Central Bank Digital Currency Operation – Retail Pilot (e₹-R)https://t.co/Coh632lCwU
— Reserve Bank of India (@RBI)
November 29, 2022
Take this quiz to gauge your understanding of the Digital Rupee.
1. What is Digital Rupee?
a) cryptocurrency
b) Digital legal tender form
c) Bonds
d) SIP
Reply. b
2. What is the full form of CBDC?
a) Central Bank Digital Currency
b) Chronic blistering skin disease in childhood
c) Central book on digital currencies
d) Central Bank deposits
Reply. One
3. What will the direction of digital currency be?
a) Bitcoin process
b) Liquidation of bonds
c) Ethereum
d) Blockchain technology
Reply. d
4. What will be the symbol representing digital currency?
a) e₹
b) e₹-W
c) ₹ e
d) ₹eD
Reply. b
5. Who will issue digital currency?
a)RBI
b)SBI
c) GOI
D. All of the above
Reply. d
6. Who conducts digital currency payments?
a)CCP
b) RCB
c)CCIL
d) R&L
Reply. c
7. Who can invest in digital currency?
a) Investors
b) Secondary market transactions of government securities
c) Wholesale & retail customers
D. All of the above
Reply. d
8. What are the main characteristics of digital currencies?
a) Wholesale transactions
b) cross-border payments
c) Lower transaction costs
D. All of the above
Reply. d
9. What does G-sec mean?
a) Government tradable instruments
b) Form of bond
c) Treasury bills
d) Notes
Reply. One
10. How many banks are participating in the Digital Rupee pilot test program?
a) 5
b) 7
c) 8
d) 9
Reply. d
What is Digital Rupee?
Difference between Digital Rupee and Cryptocurrency.
Categories: Optical Illusion
Source: pagasa.edu.vn