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Question 1 of 5
1. Question
1 pointsWhich of the following statements about Cryptocurrency is/ are correct?
1. A cryptocurrency is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database.2. It does not exist in physical form (like paper money), however, it is issued by a central authority.
3. It uses centralized control like centralized digital currency and central banking systems.
Select the correct answer using the codes given belowCorrect
-Statement 1 is correct.
-A cryptocurrency is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database.
-It uses strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.
– Statement 2 and 3 are incorrect.
-Cryptocurrency does not exist in physical form (like paper money) and is not issued by a central authority.
-Cryptocurrencies typically use decentralized control as opposed to centralized digital currency and central banking systems.Incorrect
-Statement 1 is correct.
-A cryptocurrency is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database.
-It uses strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.
– Statement 2 and 3 are incorrect.
-Cryptocurrency does not exist in physical form (like paper money) and is not issued by a central authority.
-Cryptocurrencies typically use decentralized control as opposed to centralized digital currency and central banking systems. -
Question 2 of 5
2. Question
1 pointsConsider the following statements about Yudh Abhyas 2021
1. It is a Indo-French joint military exercise.
2. It aims at enhancing cooperation and interoperability between the two armies and will focus on counter-terrorism operations under the UN mandate.Which of the statements given above is/ are correct?
Correct
-Statement 1 is incorrect. It is an Indo-U.S. joint military exercise
-Statement 2 is correct.
-The exercise near the India-Pakistan border aims at enhancing cooperation and interoperability between the two armies and will focus on counter-terrorism operations under the UN mandate.
The joint military exercise will enhance the level of defence cooperation between both armies which will also foster the bilateral relations between both nations.
It reiterates India’s key role as a key partner in the Indo-Pacific region.Incorrect
-Statement 1 is incorrect. It is an Indo-U.S. joint military exercise
-Statement 2 is correct.
-The exercise near the India-Pakistan border aims at enhancing cooperation and interoperability between the two armies and will focus on counter-terrorism operations under the UN mandate.
The joint military exercise will enhance the level of defence cooperation between both armies which will also foster the bilateral relations between both nations.
It reiterates India’s key role as a key partner in the Indo-Pacific region. -
Question 3 of 5
3. Question
1 pointsIran shares border with which of the following countries?
1. Pakistan
2. Uzbekistan
3. Armenia
4. AzerbaijanSelect the correct answer using the codes given below
Correct
-Iran is bounded to the north by Azerbaijan, Armenia, Turkmenistan, and the Caspian Sea, to the east by Pakistan and Afghanistan, to the south by the Persian Gulf and the Gulf of Oman, and to the west by Turkey and Iraq.
Incorrect
-Iran is bounded to the north by Azerbaijan, Armenia, Turkmenistan, and the Caspian Sea, to the east by Pakistan and Afghanistan, to the south by the Persian Gulf and the Gulf of Oman, and to the west by Turkey and Iraq.
-
Question 4 of 5
4. Question
1 pointsConsider the following statements about Bad Bank
1. A bad bank is an asset reconstruction company (ARC) that takes over the bad loans of commercial banks, manages them and finally recovers the money over a period of time.
2. It is also involved in lending and taking deposits.
Which of the statements given above is/are correct?Correct
-Statement 1 is correct. A bad bank is an asset reconstruction company (ARC) or an asset management company that takes over the bad loans of commercial banks, manages them and finally recovers the money over a period of time.
-Statement 2 is incorrect. It is not involved in lending and taking deposits, but helps commercial banks clean up their balance sheets and resolve bad loans. The takeover of bad loans is normally below the book value of the loan and the bad bank tries to recover as much as possible subsequently.Incorrect
-Statement 1 is correct. A bad bank is an asset reconstruction company (ARC) or an asset management company that takes over the bad loans of commercial banks, manages them and finally recovers the money over a period of time.
-Statement 2 is incorrect. It is not involved in lending and taking deposits, but helps commercial banks clean up their balance sheets and resolve bad loans. The takeover of bad loans is normally below the book value of the loan and the bad bank tries to recover as much as possible subsequently. -
Question 5 of 5
5. Question
1 pointsWhich of the following statements regarding 5G Technology is/ are correct?
1. 5G or fifth generation is the latest upgrade in the long-term evolution (LTE) mobile broadband networks.
2. 5G is set to be as much as 100 times faster than 4G.
3. 5G only works in high frequency spectrum.Select the correct answer using the codes given below
Correct
– Statement 1 is correct. 5G or fifth generation is the latest upgrade in the long-term evolution (LTE) mobile broadband networks.
-Statement 2 is correct. With speeds of up to 100 gigabits per second, 5G is set to be as much as 100 times faster than 4G
-Statement 3 is incorrect. 5G mainly works in 3 bands, namely low, mid and high frequency spectrum.Incorrect
– Statement 1 is correct. 5G or fifth generation is the latest upgrade in the long-term evolution (LTE) mobile broadband networks.
-Statement 2 is correct. With speeds of up to 100 gigabits per second, 5G is set to be as much as 100 times faster than 4G
-Statement 3 is incorrect. 5G mainly works in 3 bands, namely low, mid and high frequency spectrum.
Leaderboard: 4th February 2021 | Prelims Daily with Previous Year Questions
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4/5, did not get the “Neighbours of Iran” question right, will have to work hard as far as map practice is concerned.
“Push yourself, because no one else is going to do it for you.”
Keep learning, keep improving !!
3/5