Central Bank Digital Currency / E-Rupee

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What is the name of the digital currency launched by the Reserve Bank of India (RBI)?

E-Rupee

Digital Rupee

E-Cash

Crypto Rupee

Which of the following is a key characteristic of Central Bank Digital Currency (CBDC)?

Issued by a central authority

Decentralized and anonymous

Privately issued

Backed by cryptocurrencies

Which country was the first to launch its Central Bank Digital Currency (CBDC)?

India

China

The Bahamas

United States

What is the primary objective of launching a Central Bank Digital Currency (CBDC)?

To replace cryptocurrencies

To promote cashless transactions and improve financial inclusion

To increase interest rates

To regulate stock markets

Which type of CBDC is designed for use by financial institutions for interbank settlements?

Retail CBDC

Wholesale CBDC

Public CBDC

Private CBDC