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What is the objective of the wholesale Digital Rupee pilot program initiated by the Reserve Bank of India (RBI)?
  • a)
    To replace physical currency with digital currency
  • b)
    To digitize the entire retail segment of the Indian economy
  • c)
    To initiate digital transactions for individuals
  • d)
    To digitize the wholesale segment, including asset tokenization and repo transactions
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What is the objective of the wholesale Digital Rupee pilot program ini...
The objective of the wholesale Digital Rupee pilot program initiated by the Reserve Bank of India (RBI) is to digitize the wholesale segment of the Indian economy. This program includes initiatives such as asset tokenization and repo transactions, marking a significant step toward digitizing India's financial landscape.
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What is the objective of the wholesale Digital Rupee pilot program initiated by the Reserve Bank of India (RBI)?a)To replace physical currency with digital currencyb)To digitize the entire retail segment of the Indian economyc)To initiate digital transactions for individualsd)To digitize the wholesale segment, including asset tokenization and repo transactionsCorrect answer is option 'D'. Can you explain this answer?
Question Description
What is the objective of the wholesale Digital Rupee pilot program initiated by the Reserve Bank of India (RBI)?a)To replace physical currency with digital currencyb)To digitize the entire retail segment of the Indian economyc)To initiate digital transactions for individualsd)To digitize the wholesale segment, including asset tokenization and repo transactionsCorrect answer is option 'D'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about What is the objective of the wholesale Digital Rupee pilot program initiated by the Reserve Bank of India (RBI)?a)To replace physical currency with digital currencyb)To digitize the entire retail segment of the Indian economyc)To initiate digital transactions for individualsd)To digitize the wholesale segment, including asset tokenization and repo transactionsCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the objective of the wholesale Digital Rupee pilot program initiated by the Reserve Bank of India (RBI)?a)To replace physical currency with digital currencyb)To digitize the entire retail segment of the Indian economyc)To initiate digital transactions for individualsd)To digitize the wholesale segment, including asset tokenization and repo transactionsCorrect answer is option 'D'. Can you explain this answer?.
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