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:

Syngamy results information of 

A) haploid zygote B) diploid zygote
C) non-motile male gametes D) motile male gametes
 
Answer & Explanation Answer: B) diploid zygote

Explanation:

Syngamy, also known as fertilisation occurs between the male and female gametes. Syngamy may occur either externally, outside the body of organisms or internally, inside the body. Syngamy leads to formation of a specialised cell called diploid zygote.

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Among the following states, the literacy rate is highest in

A) Orissa B) Punjab
C) Maharashtra D) Mizoram
 
Answer & Explanation Answer: D) Mizoram

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

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Q:

......... is a deliquescent compound.

A) Quick lime B) Sulphuric acid
C) Phosphorous pentoxide D) Magnesium chloride
 
Answer & Explanation Answer: D) Magnesium chloride

Explanation:
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Filed Under: Chemistry
Exam Prep: AIEEE , Bank Exams

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Q:

 Each trait in the child can be influenced by ______ DNA.

A) only paternal B) only maternal
C) both paternal and maternal D) neither paternal nor maternal
 
Answer & Explanation Answer: C) both paternal and maternal

Explanation:
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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Look at the underlined part of each sentence. Below each sentence are given three possible substitutions for the underlined part. If one of them (a), (b) or (c) is better than the underlined part, indicate your response on the Answer Sheet against the corresponding letter. If none of the substitutions imporves the sentence, indicate (d) as your response on the Answer Sheet.

From the last five days it has been raining torrentially.

A) Since the last B) for the last 
C) Since last D) No improvement
 
Answer & Explanation Answer: A) Since the last

Explanation:

From is used to denote a point of time. The preposition ‘since’ should be used here as five days is a period of time and the event started at the beginning of those five days.

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Filed Under: English
Exam Prep: Bank Exams

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Q:

Assembly line was invented by

A) Alexander Parkes B) Luigi Palmieri
C) Alexey Pajitnov D) Ransom Eli Olds
 
Answer & Explanation Answer: D) Ransom Eli Olds

Explanation:
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Filed Under: Inventions
Exam Prep: Bank Exams

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Q:

Who among the following was awarded the Ashok Chakra (posthumous) by President Pranab Mukherjee on the eve of Independence Day 2016 ?

A) Lt. Col. Niranjan Ek B) Neeraj Kumar Singh
C) Lt. Navdeep Singh D) Havildar Hangpan Dada
 
Answer & Explanation Answer: D) Havildar Hangpan Dada

Explanation:
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Filed Under: Honours and Awards
Exam Prep: Bank Exams

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