Q3. What are the qualifying features of a Crypto-currency?
1. It does not have real monetary value in the market.
2. It is not owned or controlled by any institution.
3. It allows transacting parties to remain anonymous.
4. It is a virtually held asset.
Select the correct answer using the codes below.
Q3. What are the qualifying features of a Crypto-currency?
1. It does not have real monetary value in the market.
2. It is not owned or controlled by any institution.
3. It allows transacting parties to remain anonymous.
4. It is a virtually held asset.
Select the correct answer using the codes below.
The correct option is B b) 2, 3 and 4 only
1. It is a digital currency which allows transacting parties to remain anonymous while confirming that the transaction is a valid one.'
2. It is not owned or controlled by any institution – governments or private.
3. There are multiple such currencies — bit coin, ethereum, ripple.
4. Currently, they are neither illegal nor legal in India.
5. We have covered the concept in an earlier test, so this need not be expanded upon further.
6. With crypto currencies like Bit coin gaining popularity in India, the government may roll out the country’s very own crypto currency – “Lakshmi”
7. The market cap for all crypto-currencies has just crossed $100 billion, with most of the increase coming in the past few months.
1. It is a digital currency which allows transacting parties to remain anonymous while confirming that the transaction is a valid one.'
2. It is not owned or controlled by any institution – governments or private.
3. There are multiple such currencies — bit coin, ethereum, ripple.
4. Currently, they are neither illegal nor legal in India.
5. We have covered the concept in an earlier test, so this need not be expanded upon further.
6. With crypto currencies like Bit coin gaining popularity in India, the government may roll out the country’s very own crypto currency – “Lakshmi”
7. The market cap for all crypto-currencies has just crossed $100 billion, with most of the increase coming in the past few months.
