Attempt this previous-year question. The correct option stays hidden until you choose.
With reference to ‘Bitcoins’ sometimes seen in the news, which of the following statements is/are correct?
1. Bitcoins are tracked by the Central Banks of the countries.
2. Anyone with a Bitcoin address can send and receive Bitcoins from anyone else with a Bitcoin address.
3. Online payments can be sent without either side knowing the identity of the other.
Select the correct answer using the code given below.
Pick an option to check yourself.
• Correct Answer: B
• Bitcoin is a decentralized cryptocurrency operating on a peer-to-peer blockchain network, not tracked by any central bank.
• Transactions are pseudonymous: wallet addresses enable transfers without revealing real-world identities.
• A is wrong because central banks do not control or track Bitcoin.
Attempt Prelims MCQs or open Mains questions by paper — then continue the same bank inside the app with visual decks.
GyanGram