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Econ: money > Cashless economy > Flashcards

Cashless economy Flashcards

1
Q

What is printing cost of notes in India?

A

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2
Q

Benefit for RBI in cashless economy?

A

2

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3
Q

Benefit for CBIC in cashless economy?

A

3

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4
Q

Technical challenges to cashless?

A

4

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5
Q

Legla challenges to cashless?

A

5

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6
Q

Structural challenges to cashless?

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6

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7
Q

Committees appointed for cashless economy? Total 3

A

7

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8
Q

The 3 literacy schemes launched for cashless?

A

8

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9
Q

RBI imposed ceiling on MDR. Under what? How much ceiling?

A

9

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10
Q

Which ministry operates subsidy on MDR. Maximum limit on subsidy?

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10

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11
Q

What is the current regulating authority wrt digital payments?

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11

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12
Q

The regulating authority for digital payments was formed on whose recommendations?

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12

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13
Q

What was PRB? Who had recommended? Why rejected by RBI?

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13

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14
Q

Who can you complain to for digital payments? Up to what limit is the complaint free?

A

14

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15
Q

If you win a complaint regarding digital payment how much money you stand to get?

A

15

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16
Q

Who to appeal to in case original appeal regarding digital payment gets rejected?

A

16

17
Q

In one line, what is the GoI’s stand on Cryptocurrencies?

A

17

18
Q

What has the government of India been doing to offset it’s stand on cryptocurrencies?

A

18

19
Q

What is Hashrate?

A

19

20
Q

Rupee: Paisa= Bitcoin:?

A

20

21
Q

Security challenges to Bitcoin?

A

21

22
Q

Revenue challenges to Bitcoin?

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22

23
Q

Encironment challenges to Bitcoin?

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23

24
Q

Why Bitcoin price is likely to fall anyway in future?

A

24

25
Q

The two main committees on bitcoins by the Government of India?

A

25

26
Q

What was the GoI’s repsonse to Laxmicoin?

A

26

27
Q

RBI effort to fight Cryptocurrency?

A

27

28
Q

Which institute is engaged in studying Cryptocurrency?

A

28

29
Q

Blockchain technology is analogous to?

A

29

30
Q

What is Bondi? By whom? For whom?

A

30

31
Q

Sov is first of what?By which country?

A

31

32
Q

What is Petro? By which country?

A

32

33
Q

Petro?= Fiat?, Representative? Legal tender?

A

33

34
Q

Hiranya associated with which empire? What it is?

A

34

35
Q

Who abolished Persian for higher courts in India?

A

35

36
Q

What is Hybrid card?

A

36

37
Q

The 3 Regulatory measures recommended by Nilekani committee for Digital payments

A

37

38
Q

The 2 subsidy acronyms government should focus on according to Nilekani?

A

38

39
Q

Explain “gov pahle khud sudharo” by Nilekani?

A

39

Econ: money (4 decks)

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