CRYPTOCURRENCY

Question 1

___ is any form of currency that exists digitally or virtually and uses cryptography to secure transactions

Answer 1

Cryptocurrency

Question 2

It is supported by a decentralized peer-to-peer network called the___

Answer 2

BLOCKCHAIN

Question 3

Bitcoin was introduced in

Answer 3

2009

Question 4

Who is said to be the founder of Bitcoin?

Answer 4

Satoshi Nakamoto

Question 5

___ is a government-issued currency that is not backed by a commodity such as gold.

Answer 5

Fiat Currency

Question 6

All the transactions ever made are contained in a publicly available, open ledger, although in an anonymous and an encrypted form called :

Answer 6

Blockchain

Question 7

Which is the smallest fraction of a Bitcoin?

Answer 7

Satoshi

Question 8

___ functions like a bank where a person buys and sells Bitcoins with traditional currency

Answer 8

Bitcoin Exchange

Question 9

How much tax on income from virtual assets was announced?

Answer 9

30%

Question 10

Which was the first country to adopt Bitcoin as legal tender?

Answer 10

El Savarado

Question 11

Which is the second country in latest to get Bitcoin as a legal tender?

Answer 11

Central African Republic (CAR)

Question 12

Which country is home to the largest remittance market in the world?

Answer 12

India
(mudi ji ki jai)

Question 13

___ are a few notable examples of cryptocurrencies

Answer 13

Bitcoin, Ethereum, Ripple

Question 14

Which bill seeks to prohibit all private cryptocurrencies in India?

Answer 14

Cryptocurrency and Regulation of Official Digital Currency Bill, 2021

Question 15

Blockchain and crypto assets will be an integral part of the ____ Industrial Revolution

Answer 15

Fourth

Question 16

RBI is also going to launch its own digital currency named:

Answer 16

Central Bank Digital Currency

will be a fiat money not Cryptocurrency

Question 17

CBDC will be launched by amednments in

Answer 17

Reserve Bank of India Act , 1934

Question 18

Who was the first country to launch its own digital currency?

Answer 18

Bahamas
“Sand Dollar”

Question 19

Name of Nigeria’s Digital Currency

Answer 19

e-Naira

Question 20

Name of China’s DC

Answer 20

e-CNY (Chinese Yuan Renminbi)

Question 21

In Blockchain Tech. , info. is stored in :

Answer 21

Blocks

Question 22

Block has three parts named:

Answer 22

• DATA(relevant info. stored)
• HASH(a unique code generated)
• PrevHASH(the HASH of previous connected Blocks)

Question 23

What is the first block of the chain named as?

Answer 23

Genesis Block

Question 24

If someone want to change data in a block , it has to get majority votes . What is this process called?

Answer 24

Consensus Rule

Question 25

Which is the world’s largest blockchain network?

Answer 25

KSI Blockchain , Estonia

Question 26

Name of Britain’s BC

Answer 26

NDTp(National Digital Twin programme)

Question 27

Name of China’s BC

Answer 27

BSN

India me bahot h , to uski kya hi baat krni h (jai mudi ji)