Attempt this previous-year question. The correct option stays hidden until you choose.
With reference to “Blockchain Technology”, consider the following statements:
1. It is a public ledger that everyone can inspect, but which no single user controls.
2. The structure and design of blockchain is such that all the data in it are about cryptocurrency only.
3. Applications that depend on basic features of blockchain can be developed without anybody’s permission.
Which of the statements given above is/are correct?
Pick an option to check yourself.
• Correct Answer: D
• Blockchain is a decentralized public ledger beyond cryptocurrency, and permissionless applications can be developed without central authorization.
• Statement 2 is incorrect: blockchain applications extend to supply chain, smart contracts, and identity management.
Attempt Prelims MCQs or open Mains questions by paper — then continue the same bank inside the app with visual decks.
GyanGram