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IMPORTANT EVENTS RESEARCH > INDIA DIGITAL CURRENCY > Flashcards

INDIA DIGITAL CURRENCY Flashcards

1
Q

RBI GOVERNOR

A

Shaktikanta Das

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2
Q

Announced on

A

Budget speech 2022-23 budget speech

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3
Q

When was it launched for the wholesale segment

A

November 2022

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4
Q

When was it launched for the retail segment

A

December,2022

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5
Q

CBDC

A

Digital versions of traditional currency issued and regulated by a central bank

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6
Q

Crytocurrencies

A

Are decentralised and not backed by government

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7
Q

Fiat cirrency

A
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8
Q

Idea of CBDCs inspired by

A

Bitcoin

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9
Q

Aim of Central bank

A

10 lakh per day by the end of the year

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10
Q

Key benefits

A

Operational cost reduction

Efficient inter bank market

Improved cross border payments

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11
Q

Pilot started in?

A

4 cities…Mumbai,Delhi Bengaluru,bhubaneshwar

4banks…SBI,ICICI,yes Bank,idfc

Now expanded….13 banks…26 locations

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12
Q

First economy to launch its nationwide cbdc

A

Bahamas..2020 SAND DOLLAR

NIGERIA another in 2020 ...enaira

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13
Q

World’s first major economy to pilot a digital currency e-Cny

A

CHINA ..2020

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14
Q

In G 20 how many countries launched digital currency

A

11

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15
Q

Who operates UPI

A

NPCI…UNDER RBI

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16
Q

NPCI launched** UPI** with?

A

21 member banks…2016

17
Q

When did transactions crossed 100 million first time

A

October 2021

18
Q

When RBI was established

A

1 April .1935…RBI ACT 1934

Initially hq…Calcutta
Permanently moved to Mumbai in…1937

When was it nationalized..1949

Fully owned by…Finance ministry India

19
Q

RBI directors are appointed for a period of

A

4 yrs

20
Q

Who designed the new rupee symbol

A

D UDAY KUMAR

21
Q

First governor of India

A

Osborne Smith

22
Q

The notes and coins of which denominations is not printed or minted by RBI

A

rupees 1…..sign of finance secretary

23
Q

Moon Man of India

A

Mylswamy Annadurai

24
Q

1st female finance minister of India

A

Nirmala Sitharaman

25
Q

we bank is the largest digi bank of which country?

A

CHina

IMPORTANT EVENTS RESEARCH (40 decks)

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