FIAT CURRENCY Subject : Economy Context : Reserve Bank of India (RBI) said it was open to exploring the possibility of a digital version of fiat currency. Concept : Fiat currency is government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that […]

    GREAT RESET Subject : Economy Concept : The Great Reset is an initiative by the World Economic Forum. It has been conceptualised by the founder and executive chairman of the WEF, Klaus Schwab, and has evolved over the last few years. It is based on the assessment that the world economy is in […]