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Current Affairs - Miscellaneous - Discussion

Discussion Forum : Miscellaneous - Latest Current Affairs (Q.No. 79)
2023-10-21 Miscellaneous
79.
What is the purpose of the RBI's pilot run of the E-Rupee?
To test the E-Rupee for retail transactions
To test the E-Rupee for government bond transactions
To test the E-Rupee for inter-bank borrowing
To test the E-Rupee for cross-border transactions
Answer: Option
Explanation:
The RBI's pilot run of the E-Rupee is to test the CBDC for inter-bank borrowing. Interbank borrowing is the process by which banks borrow money from each other to meet their short-term liquidity needs. The E-Rupee pilot project is expected to improve the efficiency and transparency of inter-bank borrowing transactions.
Discussion:
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