Q.1 Discuss the various implications of using digital currencies on Indian society. (10 Marks)

Mentor’s Comments- Start by explaining the emerging concept of central bank digital currency (CBDC). In the body, first, in brief, write about the technology behind CBDC digital instruments – Blockchain giving rise to secure digital instruments. Next, write about potential benefits that society can accrue from CBDC- financial inclusion, the cashless society, decrease the cost … Continue reading Q.1 Discuss the various implications of using digital currencies on Indian society. (10 Marks)