Questions

Q:

Consider the following statements with respect to Bitcoins or 'cryptocurrencies' as they are commonly known; I. Bitcoin is a decentralized electronic payment system II. Only a finite number of bitcoins can be created by miners III. Bitcoins are indivisible units of currency IV. Every single bitcoin transaction is recorded in a ledger called the blockchain. Which of the above statements are correct?

A) (i), (ii) and (iii) B) (i), (iii) and (iv)
C) (i), (ii) and (iv) D) (i), (ii), (iii) and (iv)
 
Answer & Explanation Answer: C) (i), (ii) and (iv)

Explanation:

A software developer called Satoshi Nakamoto proposed bitcoin, which was an electronic payment system based on mathematical proof. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees. Bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. Bitcoin is created digitally, by a community of people that anyone canjoin. Bitcoins are ‘mined’, using computing power in a distributed network.This network also processes transactions made with the virtual currency, effectively making bitcoin its own payment network.The bitcoin protocol –the rules that make bitcoin work –say that only 21 million bitcoins can ever be created by miners. However, these coins can be divided into smaller parts (the smallest divisible amount is one hundred millionth of a bitcoin and is called a ‘Satoshi’, after the founder of bitcoin). Bitcoin stores details of every single transaction that ever happened in the network in a huge version of a general ledger, called the blockchain.

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Filed Under: Indian Economy

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Q:

The female sex organs in a flower is the __________.

A) Zoospores B) stamen
C) pistil D) Chlorophyceae
 
Answer & Explanation Answer: C) pistil

Explanation:
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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Which of the following induces nitrogen fixation in soil?

A) Protozoa B) Bacteria
C) Fungi D) Algae
 
Answer & Explanation Answer: B) Bacteria

Explanation:
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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.
Don’t loiter _____ the corridor.

A) around B) off
C) of D) at
 
Answer & Explanation Answer: A) around

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

The minimum age limit for the membership of the Vidhan Parishad is _____

A) 21 years B) 25 years
C) 30 years D) 35 years
 
Answer & Explanation Answer: C) 30 years

Explanation:
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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Which of the following has become the first country in the world to pay equal salary to men and women?

A) Iceland B) Denmark
C) Sweden D) Russia
 
Answer & Explanation Answer: A) Iceland

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Sunspots appear dark because they are

A) hotter than the rest of the Sun's surface. B) more magnetic than the rest of the Sun's surface. 
C) cooler than the rest of the Sun's surface. D) None of the above
 
Answer & Explanation Answer: C) cooler than the rest of the Sun's surface.

Explanation:

Sunspots are a magnetic phenomenon on the Sun.

The reason a sunspot appears dark is that they are cooler than the rest of the Sun's surface and also the gas inside the spot where the magnetic field is strongest is only emitting about 1/4 as much light as from the rest of the solar surface. 

 

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Filed Under: Physics
Exam Prep: Bank Exams , CAT

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Q:

The phenomena of raising the outer edge of the curved roads above the inner edge to provide necessary centripetal force to the vehicles to take a safe turn is called _____.

A) banking of roads B) cornering of roads
C) elevation of roads D) tempering of roads
 
Answer & Explanation Answer: A) banking of roads

Explanation:
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Filed Under: General Science
Exam Prep: Bank Exams

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