Q.3 What is a Central Bank Digital Currency (CBDC)? What are the benefits and concerns associated with it? (10 Marks)

Mentor’s comment- https://indianexpress.com/article/opinion/editorials/budget-rbi-digital-rupee-7755577/ In the intro, mention the announcement about the proposed introduction of digital currency to be issued by the RBI. In the body, explain digital currency and how it is different from conventional currencies. In the benefits mention financial inclusion, lower costs for financial transactions, , the advantages of an alternate payments system, the … Continue reading Q.3 What is a Central Bank Digital Currency (CBDC)? What are the benefits and concerns associated with it? (10 Marks)