.png "A retail sandbox for its central bank digital currency project has been launched by RBI")
- It provides a controlled testing environment for fintech firms to develop and refine e-Rupee retail applications.
- The retail CBDC pilot had originally begun on 1 December 2022.
- Currently, around 7 million users are already part of India’s CBDC ecosystem.
- The sandbox aims to boost innovation, expand adoption, and ensure regulatory oversight. This move positions India among the global leaders in CBDC experimentation.
Question:
Q.1 Which digital currency is being tested in the RBI retail sandbox?a) e-Rupee
b) Bitcoin
c) Libra
d) Ethereum
Answer: a) The e-Rupee is India’s official Central Bank Digital Currency, which fintech firms can now test and develop applications for in a controlled environment.
