Current Affairs · Banking Sector Initiatives
Directions: Read the statements given below and answer the question. Statement I: The Reserve Bank of India (RBI) has developed the Unified Markets Interface (UMI), a next-generation digital financial infrastructure, to enable tokenization of financial assets using wholesale Central Bank Digital Currency (CBDC). Statement II: India's financial markets are expected to become more digitally integrated and transparent, allowing institutions to trade, settle, and manage assets securely through a unified system, which experts believe will reduce operational risks and boost long-term investor confidence.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both statements I and II are effects of independent causes
- 2Both statements I and II are independent causes
- 3Statement II is the cause and statement I is its effect
- 4Statement I is the cause and statement II is its effect✓
Correct answer
Statement I is the cause and statement II is its effect
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