Discussion
RBI deputy governor H. R. Khan announced a committee to study which technology?
Answer: B
Correct answer: Blockchain
The committee was constituted to study blockchain, the distributed ledger technology underlying cryptocurrencies but applicable far more widely - to payments, trade finance, securities settlement and the maintenance of registries.
The work was taken forward through the Institute for Development and Research in Banking Technology, the RBI's technology arm, which produced a white paper and a proof of concept for trade finance. The interest was in the ledger technology itself rather than in cryptocurrency, towards which the RBI remained consistently cautious.
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