Former RBI's Gandhi On The Digital Rupee

The video discusses the global interest in digital currencies, particularly central bank digital currencies (CBDCs), and their potential benefits such as faster electronic payments and financial inclusion. It then shifts focus to the Indian economy, addressing concerns about inflation and growth, and the Reserve Bank of India's (RBI) monetary policy. The discussion highlights the impact of digital currency on the informal economy and the RBI's current priority on controlling inflation over growth.

What is one of the primary benefits of central bank digital currencies (CBDCs) mentioned in the video?

• Reduced financial inclusion

• Higher interest rates

• Increased physical cash circulation

• Faster electronic payments

What is the general consensus about India's economic growth rate?

• 3%

• 10%

• 7%

• 5%

How does the Federal Reserve's policy impact India's monetary policy?

• It leads to a decrease in domestic demand

• It has no impact

• It influences the RBI's interest rate decisions

• It forces India to increase exports

What is a potential impact of digital currency on India's informal economy?

• It will eliminate the informal sector

• It may help authorities manage the informal economy better

• It will increase the use of physical cash

• It will have no impact

What is the current priority of the RBI according to the video?

• Increasing foreign investments

• Controlling inflation

• Reducing unemployment

• Promoting economic growth

What is one of the uncertainties associated with the introduction of a digital currency in India?

• The impact on physical cash usage

• The increase in bank deposits

• The rise in inflation

• The decrease in electronic payments

What is the expected impact of a remunerated digital currency on monetary policy?

• It will reduce inflation

• It will weaken the currency

• It may strengthen monetary policy influence

• It will have no impact