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  9. Q67

APSC CCE 2023 · Question 67 of 163

Read the following statements regarding 'blockchain'. Which of the following statements is/are correct? (i) It is a method of recording information that makes it impossible or difficult for the system to be changed, hacked, or manipulated. (ii) This method can ensure secure transactions, lower compliance expenses and accurate data transfer processing. (iii) This method is used only in financial service industry. (iv) Fuji Nakamori is the name used by the presumed pseudonymous person or persons who developed Bitcoin. Select the correct answer using the codes given below.

Science & Tech

  1. A(i) only
  2. B(i) and (ii) onlyCorrect
  3. C(i), (ii) and (iii) only
  4. D(i), (ii) and (iv) only

Answer: B. (i) and (ii) only

Explanation

Blockchain is a tamper-resistant ledger enabling secure transactions across many industries; Bitcoin's creator used the name Satoshi Nakamoto, not Fuji Nakamori.

Source: APSC CCE Prelims 2023 GS Paper-I, official Series-A key

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