CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which currency notes are going to be released by the Reserve Bank of India recently?
A
50
B
100
C
200
D
1000
Explanation: 

Detailed explanation-1: -The Minister stated in response to another question that RBI has already rolled out a pilot in the retail version of the CBDC (e₹-R), on December 01, 2022. The e₹-R is in the form of a digital token that represents legal tender. It is being issued in the same denominations as the paper currency and coins.

Detailed explanation-2: -High denomination notes (Rs. 1, 000, 5, 000, and 10, 000) were reintroduced in 1954. High denomination notes were once again demonetised in 1978 for the same reasons as the 1946 demonetisation.

Detailed explanation-3: -The RBI will issue digital currency in the same denominations that paper currency and coins are issued. New Delhi: The Reserve Bank of India (RBI) today announced that the retail digital rupee will be launched on December 01, 2022, on a pilot basis.

Detailed explanation-4: -Which denomination banknotes are currently in circulation? Banknotes in India are currently being issued in the denomination of ₹10, ₹20, ₹50, ₹100 ₹200, ₹500, and ₹2000. These notes are called banknotes as they are issued by the Reserve Bank of India.

There is 1 question to complete.