- Polymer at high temperatures is reactive, thus in a tropical country like India, Provision for the Plastic note would not be a successful experiment.
- Owing to the high volume of UPI transactions, as reported by the National Payment Corporation of India (NPCI), the relevance of having plastic currency ceases to exist.
- The Central Bank also plans to launch the CBDC (Central Bank Digital Currency ) as announced in the Budget 2022 speech of the Honourable Finance Minister.
Question:
Q.1 What does CBDC Stand for?a. Central Bank Digital Currency
b. Central Bank Digital Conference
c. Central Board of Direct Tax Code
d. Central Board of Data Centers
