All those who gave the IAS Prelims exam, must be eager to know their result.. IAS is one of the most popular and prestigious exams of the country. It aims to change the financial system in big ways — by cutting costs and making transactions easier, more convenient and more transparent. No Admit Card will be sent by post. The National Health Authority (NHA), the attached office of the Ministry of Health & Family Welfare which will design, build, roll-out and implement the NDHM. So we never think Ignore it. Exchange rate (foreign exchange rate) is the rate at which domestic currency is traded for a foreign currency. It leverages blockchain technology to gain decentralization, transparency, and immutability. A Cryptocurrency is an internet-based medium of exchange which uses cryptographical functions to conduct financial transactions. User Login . A/C Name: APEIROGON TECHNOLOGIES PVT. c. 60. 2. It allows you to access your e-documents irrespective of your physical location. IMFC discusses matters of concern affecting the global economy, and advises the International Monetary Fund (IMF) on the direction of its work. UPSC releases admit card for Indian Economic Service/Statistical Service examination On June 2 UPSC had asked candidates for the civil services examination to ensure safe custody of their e-admit card, saying the onus to prove innocence would be on them in case another person is found using the examination ticket. Discuss how a vibrant cryptocurrency segment could add value to India’s financial sector. The public would be able to convert money in their bank accounts to the digital version and make deposits via electronic wallets. Select the correct answer using the code given below. The questions are mainly framed from The Hindu and PIB news articles. Renminbi tracker: How global is the renminbi? Blockchain, sometimes referred to as Distributed Ledger Technology (DLT), makes the history of any digital asset unalterable and transparent through the use of decentralization and cryptographic hashing. Daily Current Affairs MCQ's For All Competitive Exams | 13 January 2021 | E-Warriors . (250 W), 1. It is not a test of your knowledge. Millions of aspirants from various corners of the country appeared for the exam. What is a cryptocurrency? It will be launched in major cities of Shenzhen, Suzhou and Chengdu, as well as the Xiong’an New Area. Miners create new blocks on the chain through a process called mining. Recently, linking of which of the following rivers was undertaken? Upsc asperiants on [Model Answer] UPSC GSM1-2017/Q20: Geography / Urbanization- New Problems of IT-BPO Cities (250 words, 15 marks) Vibhuti Sharma on [Download] UPSC Mains-2020 Essay Paper, Including Topicwise last 28 YEARS Essay Question Papers (1993-2020) with booklist, strategy! LTD is the parent company of CIVILSDAILY IAS. Reserve Tranche: The reserve tranche is proportion of the required quota of currency that each International Monetary Fund (IMF) member country must … It allows you to access your e-documents irrespective of your physical location. We ask students to login via google as we share a lot of our content over google drive. e-Admit Card will be made available on the UPSC Website[upsc.gov.in] for being downloaded by the candidate. The Case for Investing in the Chinese Yuan . If you score less, please … Continue reading "QUIZ – 2020: Insights Current Affairs Quiz, 21 January 2021" Significance of UK labor party’s remarks on Kashmir, Blockchain Technology: Prospects and Challenges. 2. The People’s Bank of China, the country’s central bank, will be the sole issuer of the digital yuan, initially offering the digital money to commercial banks and other operators. e-RMB It will be the electronic form of the renminbi, with a value equivalent to the paper notes and coins in circulation. IAS Prelims Current Affairs Analysis 2016: Question Review: Union Public Services Commision (UPSC) conducted the IAS Prelims exam on 7 August 2016. Initially it will be tested in three major cities of Shenzhen, Suzhou and Chengdu. Nodes can be any kind of electronic device that maintains copies of the blockchain and keeps the network functioning. International Monetary Fund (IMF) is an international organisation consisting of 189 countries as its members. The most important feature of a cryptocurrency is that it is not controlled by any central authority: the decentralized nature of the blockchain makes cryptocurrencies theoretically immune to the old ways of government control and interference. Similar question UPSC asked last year- Peace clause, agreement on Agricultre etc are associated with which organization? It was established on 27 December 1945 with the objective of reducing poverty, sustaining economic growth, promoting international trade and bringing in financial stability. e-RMB It will be the electronic form of the renminbi, with a value equivalent to the paper notes and coins in circulation. Dear Learners, As We all Know General Awareness ( CA, Static, Banking Awareness etc.) Blockchain consists of three important concepts: blocks, nodes and miners. Still, experts say China thinks that it is much easier to transfer e-payments across the border while controlling it from within the country. is Important for All Competitive Exams. A cheaper renminbi would harm American exporters and erode the effectiveness of Mr. Trump’s tariffs. This basket Includes five currencies—the U.S. dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling. D; C; UPSC Mains question. Website Content Managed by © Content Owned by Union Public Service Commission, New Delhi, India. Today, the term "Yuan" usually refers to the primary unit of account of the renminbi (RMB), the currency of the People's Republic of China. The Renminbi as an International Currency Barry Eichengreen January 2010 1. It is also used as a synonym of that currency, especially in international contexts – the ISO 4217 standard code for renminbi is CNY, an abbreviation of "Chinese yuan". It provides for refinance through SIDBI. RMB banknotes start at one Yuan and go up to 100 Yuan. LTD The fiat renminbi is often accused of being subjected to manipulation by China’s Communist government. 89. Petro of Venezuela. UPSC Civil Service Preliminary Exam is conducted on August 07, 2016. For Previous Static Quiz (ARCHIVES) – CLICK HERE DAILY STATIC QUIZ will cover all the topics of Static/Core subjects – Polity, History, Geography, Economics, Environment and Science and technology.. To place the question in relief, I start with an historical analogy.1 Test: 421 Posts of Enforcement Officer - Accounts Officer, EPFO, SCM for selection of Non-SCS officers for appointment to the IAS of Assam Segment of Assam-Meghalaya Joint Cadre for the SL of 2019 - Change in schedule of the SCM, Reserve List : Civil Services Examination, 2019, The SOs-Stenos (Grade B-Grade-I) LDCE, 2016 onwards scheduled to be notified on 16th September, 2020, has been deferred, Commission of Scientific & Technical Terminology, Important Notice: Communique on misleading information in social media on operation of Reserve List, Written Result (with name): Indian Economic Service - Indian Statistical Service Examination, 2020, Written Result: Indian Economic Service - Indian Statistical Service Examination, 2020, Written Result (with name): Combined SO-Steno (Grade 'B'-Grade-I) LDCE, 2015, Written Result: Combined SO-Steno (Grade 'B'-Grade-I) LDCE, 2015, e - Admit Card: Combined Defence Services Examination (I), 2021, Reserve List: Civil Services Examination, 2019, Public Disclosure of marks and other details of non-recommended willing candidates: Combined Defence Services Examination (II), 2019, Interview Schedule: Combined Medical Services Examination, 2020, Examination Time Table: Combined Geo-Scientist (Preliminary) Examination, 2021, Examination Time Table: Indian Forest Service (Main) Examination, 2020, Indian Forest Service (Main) Examination, 2020, Combined Defence Services Examination (II), 2019 (OTA), Civil Services (Preliminary) Examination, 2021, Indian Forest Service (Preliminary) Examination, 2021 through CS(P) Examination 2021. Select the correct answer using the code given below. And it … The United States has removed the currency manipulator label it imposed on China last summer, in a sign of easing tensions between the two economic powers after nearly two years of conflict. Bank Details: ... Renminbi. Buy Printed Study Material for IAS Pre General Studies (Paper-1) Online Crash … Logic – Changing the name does not make you smart – UPSC With reference to International Monetary and Financial Committee (IMFC), consider the following statements: 1. Introduction In this paper I ask how long it will take for the Chinese renminbi to attain international currency status. (d) Renminbi. Designed, Developed by Akiko Sherman Infotech Last Updated: 12 Feb 2020 The People’s Bank of China, the country’s central bank, will be the sole issuer of the digital yuan, initially offering the digital money to commercial banks and other operators. (a) Ruble (b) Rand (c) Indian Rupee (d) Renminbi Page-6891 - Current Affairs section of GKToday provides Student Friendly News Summaries on National and International Current Affairs and Current Events for UPSC, State PCS/ Civil Service Exams, SSC and Banking Exams. C. renminbi D. Gridcoin. Similarly, it is the rate that shows the … (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2. Our Renminbi Globalisation Index has tracked the internationalisation of China’s currency since 2011. From UPSC perspective, the following things are important : Mains level : Cryptocurrency and its feasiblity. It will be a voluntary healthcare programme that would reduce the gap among stakeholders such as doctors, hospitals and other healthcare providers, etc. It would also hurt exporters in Europe, Japan and elsewhere. For UPSC 2021 preparation, follow BYJU'S. IMF is headquartered in Washington D.C. Download PDF. Answer . e - Admit Card: Combined Defence Services Examination (I), 2021 Reserve List: Civil Services Examination, 2019 Final Result: 01 Post of Administrative Officer in Central Sheep Breeding Farm Regulatory issues, 2. Answers. Download the UPSC Notification 2020 PDF to get information on UPSC exam dates, pattern, syllabus, eligibility conditions and IAS News. Best current affairs & GK article on Renminbi Q.1) With reference to ‘stand up India scheme’, which of the following statement is/are correct?Its purpose is to 1. promote entrepreneurship among SC/ST and women entrepreneurs. Recently, which one of the following currencies has been proposed to be added to the basket of IMF’s SDR? Which countries have official virtual currency – e.g. The following quiz will have 5-10 MCQs. e-Pharmacy; Telemedicine. This quiz is intended to introduce you to concepts and certain important facts relevant to UPSC IAS civil services preliminary exam 2020. What are cryptocurrencies? Current Affairs, GK & News related notes on Renminbi topic for UPSC, Civil Services, Banking and other Competitive Examinations of India. Renminbi is the official name of the currency introduced by the Communist People's Republic of China at the time of its foundation in 1949. The People’s Bank of China, the country’s central bank, will be the sole issuer of the digital yuan, initially offering the digital money to commercial banks and other operators. APEIROGON TECHNOLOGIES PVT. This is a part of our recently launched, NEW INITIATIVE IASbaba’s INTEGRATED REVISION PLAN (IRP) 2020 – Road Map for the next 100 Days! What is india’s position on cryptocurrencies? China in a significant move has launched a trial of digital yuan in four urban centres of the country for specific services even as the world grapples with the containment of Covid. The collapse of Bretton Woods system in 1973 and the shift of major currencies to floating exchange rate regimes lessened the reliance on the SDR as a global reserve asset. Online Application for Various Examinations of UPSC, (Since: 15 Sep 2016)(140) (24-Jan-2021 03:16 ). It will be the electronic form of the renminbi, with a value equivalent to the paper notes and coins in circulation. comment. So, the future of an e-renminbi will also be shrouded in secrecy. The eligible candidates shall be issued e-Admit Card three weeks before the commencement of the Examination. What are the risk associated with them? 2. Q. Unlike decentralized cryptocurrencies, such as bitcoin, that allow users to transfer value with no central authority or third party involved, the government-backed digital currency is preferred. From 2015 to 2020, the devaluation of the yuan by the Chinese government has accelerated from … Current usage. e- RMB: The digital currency – known as the e-RMB – “will not be issued in large amounts” for public use in the short term, and the digital currency in circulation would “not lead to an inflation surge”. A/C No: xxxxxxxxxx2695 21 articles Renminbi tracker: How global is the renminbi? UPSC Notification 2021 to be released on 10th February 2021 | UPSC Notification 2020 was released on 12th February against 796 vacancies. Website Content Managed by © Content Owned by Union Public Service Commission, New Delhi, India. It can be sent directly between two parties via the use of private and public keys. 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