Current context: RBI had launched digital rupee in the wholesale segment on November 1st ,2022 and in retail segment, it was launched in December 1st, 2022.
![E-rupee Worth Over Rs.130 crores in Circulation by RBI E-rupee Worth Over Rs.130 crores in Circulation by RBI](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg86k8MFt-_D64VdQ8mIX_9mNst8GuU1isM9lSHj_Kts2IQs95vvPsp0yVTncZSgrlUub0lt8YmNHio6Fj47Z6Mu84OStbNEp41sw7HyMW6NDgx5G6GoxiuzicCNVbwnRjcl4rR6g47KZhaFuuvJCAJSASvzaMBjzqsvIogMAj6rGk0k4mR63g7siCy/w320-h180-rw/IMAGE_1664505771.jpg)
- Digital rupee worth of Rs.130crores is in circulation as per report of Finance minister Nirmala Sitharam.
- 9 banks including SBI, Bank of Baroda, UBI, HDFC, ICICI, Kotak Mahindra bank, yes bank, IDFC and HSBC bank have participated in the digital rupee for wholesale segment process.
- The total digital rupee in retail and wholesale segment in circulation is Rs.4.14 crores and Rs.126.27crores respectively.
- The digital rupee is in the form of a digital token which can be issued in the same denominations as a paper currency or coin.
- Retail segment was launched in December 1st, 2022 in 5 locations.
Question:
Q.1 How many banks participated in the digital rupee for wholesale segment process?a. 7
b. 5
c. 8
d. 9