QUIZ

1. Which of the following countries was the
first one to trial a central bank digital
currency (CBDC) ?
A United States
B Sweden
C Australia
D China
Ans - D

2. Which of the following is a key advantage
of digital currencies ?
A They allow for faster and cheaper cross –
border transactions
B They are accepted worldwide without
conversion fees
C They are immune to inflation
D They offer complete anonymity to users
Ans - A

3. Who can invest in digital money ?
A Investors
B Secondary market transactions in
government securities
C Wholesale & Retail customers
D All of the above
Ans - D

4. What term is used to describe the process
of generating new digital coins ?
A Staking
B Printing
C Mining
D Minting
Ans – C

5. What is the purpose of a digital wallet in
the context of digital currencies ?
A To store and manage your digital currency
holdings
B To facilitate loans and credit application
C To provide discounts on online purchases
D To store and protect the money you keep in
your bank account
Ans - A

6. What type of technology is utilized to
secure digital money transactions ?
A GPS
B SSL
C USB
D Bluetooth
Ans - B

7. Which is the first crypto currency ?
A Bitcoin
B Litecoin
C Dogecoin
D Ripple
Ans – A

8. What is the full form of CBDC ?
A Chronic Blistering Dermatosis of
Childhood
B Central Bank Digital Currency
C Central Book of Digital Currency
D Central Bank of Deposit Currency
Ans - B

9. Who will issue digital currency?
A SBI
B RBI
C GOI
D All of the above
Ans - D

10. How many banks were part of the
Digital Rupee Pilot test program ?
A 5
B 7
C 8
D 9
Ans - D

11. What is the main difference between a
CBDC and a Crypto currency ?
A CBDCs are decentralized, while crypto currencies are
centralized
B CBDCs are backed by a Central Bank, while crypto
currencies are not
C CBDCs use blockchain technology, while crypto
currencies do not
D CBDCs have a fixed supply, while crypto currencies do
not
Ans – B

12. Which technology is commonly used
for creating CBDCs ?
A Artificial Intelligence
B Blockchain
C Augmented Reality
D Quantum Computing
Ans - B

14. Which country is planning to issue
CBDCs specifically for cross – border
payments ?
A Brazil
B Japan
C Singapore
D Switzerland
Ans – C

13. CBDCs are usually issued and
controlled by which entity ?
A Crypto currency exchanges
B International organizations
C Government agencies
D Private banks
Ans - C

15. What does ONDC stands for ?
A Online Network for Digital Currency
B Online Network for Digital Commerce
C Online Network for Data Collection
D Open Network for Digital Connectivity
Ans - B

16. Which country introduced the ONDC
platform ?
A US
B China
C India
D Uk
Ans - C

17. What is the primary goal of ONDC ?
A To promote crypto currency adoption
B To regulate e-commerce business
C To create a unified digital commerce
platform
D To provide free internet access to all
Ans - C

18. Which sector of the economy is
ONDC primarily focused on ?
A Healthcare
B Agriculture
C Education
D E-commerce
Ans - D

19. What role does blockchain
technology play in ONDC ?
A It has no connection to blockchain
B It provides secure and transparent
transactions
C It manages transportation logistics.
D It serves as a social media platform.
Ans - B

20. Who is responsible for the
development and implementation of
ONDC in India ?
A RBI
B Ministry of Finance
C Ministry of Commerce and Industry
D NITI Aayog
Ans - C

21. What is the aim of ONDC regarding
small businesses?
A To provide them with tax breaks
B To make them mandatory participants
C To promote their growth in the digital
economy
D To limit their online presence
Ans - C

22. Which of the following is NOT a benefit
of ONDC ?
A Increased transparency in e –
commerce transactions
B Simplified tax reporting for business
C Enhanced data privacy for consumers
D Lower cost of internet access
Ans - D

23. What is Nifty 50 ?
A A popular Indian Stock Exchange
B A stock market index in India
C A government financial institution
D A mutual fund in India
Ans – B

24. Which stock exchange is associated
with the Nifty 50 Index ?
A Bombay Stock Exchange (BSE)
B New York Stock Exchange (NYSE)
C London Stock Exchange (LSE)
D National Stock Exchange (NSE)
Ans - D

25. How many companies constitute the
Nifty 50 Index ?
A 25
B 50
C 75
D 100
Ans - B

26. Which of the following is NOT true about
Nifty 50 ?
A It represents 50 of the largest and most liquid
companies in India.
B It is used as a benchmark to measure the performance
of the Indian Stock Market.
C Nifty 50 is calculated using the market capitalization –
weighted methodology.
D It includes only companies from the financial sector
Ans - D

27. Nifty Bank is a sub – index of Nifty 50
that tracks the performance of which
sector ?
A Information Technology
B Banking and Financial Services
C Healthcare
D Automobile
Ans - B

28. What is the full form of NSE in the
context of Nifty ?
A National Stock Exposition
B National Securities Exchange
C National Stock Earnings
D National Stock Exchange
Ans - D

29. Which organization is responsible for
the calculation and maintenance of
the Nifty 50 index ?
A RBI
B SEBI
C NSE
D SBI
Ans - C

30. What is the significance of the Nifty 50
Index in the Indian financial market?
A It represents the 50 most traded stocks in India.
B It is used as a barometer of the Indian economy
and investor sentiment.
C It includes only government – owned companies.
D It is primarily focused on the agriculture sector.
Ans - B

QUIZ

Recommended

Recommended

More Related Content

Similar to QUIZ

Similar to QUIZ (20)

More from Dr. Pinki Insan

More from Dr. Pinki Insan (20)

Recently uploaded

Recently uploaded (20)

QUIZ