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Unit1 Mcqs

This document contains 15 multiple choice questions about blockchain topics such as characteristics of blockchain, the different versions of blockchain, how blockchain transactions are processed, types of blockchain networks, and cryptocurrency implementations. The questions cover foundational concepts and help test understanding of blockchain technology.

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komal.260186
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3 views

Unit1 Mcqs

This document contains 15 multiple choice questions about blockchain topics such as characteristics of blockchain, the different versions of blockchain, how blockchain transactions are processed, types of blockchain networks, and cryptocurrency implementations. The questions cover foundational concepts and help test understanding of blockchain technology.

Uploaded by

komal.260186
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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BLOCKCHAIN- UNIT 1 MCQS

1) Which of the following is NOT TRUE with regards to blockchain?

A) Allows the resulting ledger to be accessed by all servers


B) Bitcoin is only the first use case for blockchain.
C) Blockchain is not prepared for business adoption
D)Cryptographically chains blocks in chronological order

ANS: C

2) Which of the following keywords is NOT present in the [Harward business review
2017], to describe blockchain
A. open
B. secure
C. verifiable
D. permanent

ANS: B

3)Match the following:

a) Blockchain 1.0 i) Business Oriented

b) Blockchain 2.0 ii) Distributed


Applications

c) Blockchain 3.0 iii) Hash-linked, Time


stamping

d) Blockchain 4.0 iv) Smart Contracts

A) a-i, b-iv , c-iii, d-ii


B) a-iii, b-iv , c-ii, d-i
A) a-iii, b-i , c-iv, d-ii
B) a-i, b-ii , c-iv, d-iii

ANS: B
4) Order the following in sequence of occurrence

a) block is broadcasted to all nodes in the network


b) all the nodes validate the block and transactions
c) block representing the transaction is created
d) user requests for a transaction
e) transaction will get verified and executed
f). block will be added to the chain

A) d->e->b->a->f->c
B) d ->e->c->b->a->f
C) d->c->f->b->e->a
D) d->c->a->b->f->e

ANS: D

5) For the given figure, identify the orphaned blocks:

6) Which of the following is NOT TRUE about a Light Node


A)Has block headers and some transactions
B)Has a pair of private/public keys
C)Can propose new blocks in the blockchain
D)Uses SPV to verify transactions

ANS: C
7) Which of the following cryptocurrencies are written in Java
i) Dogecoin
ii) Nxt
iii)Peercoin
iv)NEM

A) i & iii
B) ii & iv
C) i & ii
B) iii & iv

Ans: B

8) Miners always mine on longest chain.


Ans. They can mine on any. However, it is suggested to mine on longest chain as all other old
blocks will become orphaned.

9) This statement describes which of the following tokens


"a special type of crypto token designed for serving a particular use case in a concerned
ecosystem. They grant the rights to users to perform some actions on a specific
blockchain network or decentralized application."
A) Security token
B) Governance token
C)Platform token
D) Utility token

ANS: D

10) Which of the following has a "distributed ledger record?


1) single entry ledger
2) double-entry ledger
3) triple-entry ledger

A) 1 & 2
B) 3
C) 2 & 3
D) All of the above
ANS: B

11) Which of the following is a permissioned blockchain?


A) Ethereum
B) Cardano
C) Corda
D) Bitcoin

ANS: C

12) This statement: "various organizational members working together on a


decentralized network." is related to which type of blockchain?

A) Consortium
B) Hybrid
C) Public
D) Private

ANS: A

13)Which of the following is not true about P2P network?

A)P2P architecture of blockchain allows all cryptocurrencies to be transferred


worldwide
B)Anyone who wishes to participate in the process of verifying and validating
blocks can set up a node
C)Blockchain is a decentralized ledger tracking of one or more digital assets on a
peer-to-peer network
D) Only certain peers maintain a complete copy of the ledger

ANS: D

14) Match the following:


i)Dragonchain a)Public

ii)Hyperledger Fabric b)Private

iii)Ripple c)Consortium

iv)Litecoin d)Hybrid

A) i-c ii-d iii-b iv-a


B) i-d ii-c iii-a iv-b
C) i-c ii-b iii-a iv-d
D) i-d ii-b iii-c iv-a

Ans: D

15) Which of the following is not a layer in permissionless architecture?


A) Consensus Layer
B) Storage Layer
C) Network Layer
D) Application Layer

Ans: C

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