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Generate QuizTechnology – Medium Level – GK Questions
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Which CBDC benefit enables faster cross-border payments compared to correspondent banking?
- Direct Central Bank Settlement
- 24/7 Operation
- Reduced Intermediaries
- All of these
Answer: All of these
CBDC cross-border: direct central bank-to-central bank settlement, operates 24/7, reduces correspondent layers. Critical for trade finance efficiency, remittance cost reduction, and financial inclusion.
The distributed ledger technology used in India's CBDC pilot is based on ________ Ledger.
- Multi-AZ / High-Availability
- chmod
- Firewall
- Permissioned Blockchain / Distributed
Answer: Permissioned Blockchain / Distributed
e₹ uses permissioned distributed ledger with RBI and partner banks as nodes. Balances decentralization benefits with regulatory control, privacy, and performance requirements. Critical for CBDC architecture understanding.
CBDC can enable programmable welfare payments with usage restrictions to prevent misuse.
- True
- False
Answer: True
Programmable CBDC allows conditional transfers: subsidies usable only for food, education, healthcare. Enhances policy effectiveness while requiring careful design to balance control with user autonomy.
Which Indian provision imposes 1% TDS on cryptocurrency transactions?
- Section 194S
- Section 115BBH
- Section 43A
- Section 66
Answer: Section 194S
Section 194S (Income Tax Act) imposes 1% TDS on transfer of virtual digital assets above threshold. Aims to track transactions and ensure tax compliance. Critical for crypto tax reporting obligations.
The CBDC pilot involving major Indian banks for retail transactions is called ________ Pilot.
- e₹ / Digital Rupee
- Transparency
- e₹-UPI / Digital Rupee
- AI / Autonomous
Answer: e₹ / Digital Rupee
e₹ retail pilot (2022-) involves SBI, ICICI, HDFC, etc., testing P2P/P2M transactions via QR, mobile wallets. Evaluates usability, scalability, integration before nationwide rollout. Critical for digital payment evolution.
Which CBDC feature enables offline transactions for areas with poor connectivity?
- Secure Element Hardware
- Delayed Synchronization
- Both A and B
- Neither
Answer: Both A and B
Offline CBDC uses secure hardware (SE/TEE) for local transaction storage, synchronizing when online. Critical for financial inclusion in rural/remote areas and disaster resilience. Requires robust security design.
Algorithmic efficiency improvements can reduce computing energy consumption without hardware changes.
- True
- False
Answer: True
Optimized algorithms reduce computational complexity, lowering CPU/GPU usage and energy. Examples: efficient ML models, database query optimization, caching strategies. Critical for sustainable software engineering.
The technology that enhances natural carbon sinks through reforestation is called ________ Sequestration.
- Anonymization
- Nature-based / Biological
- Anomaly
- chmod
Answer: Nature-based / Biological
Nature-based solutions: afforestation, soil carbon management, wetland restoration. Provide co-benefits: biodiversity, water regulation, livelihoods. Critical for cost-effective climate mitigation and adaptation.
Which practice reduces cloud computing carbon footprint by selecting renewable-powered regions?
- Green Cloud Selection
- Carbon-Aware Scheduling
- Both A and B
- Neither
Answer: Both A and B
Green cloud strategies: choose regions with high renewable energy mix, schedule workloads when grid is cleanest. Tools: Cloud Carbon Footprint, AWS Customer Carbon Footprint Tool. Critical for sustainable IT operations.
Voluntary carbon markets allow corporations to purchase offsets for ESG commitments.
- True
- False
Answer: True
Voluntary markets enable companies to buy carbon credits for net-zero pledges, beyond regulatory requirements. Quality concerns: additionality, permanence, double counting. Standards: Verra, Gold Standard ensure integrity.
Which technology enables precision irrigation to reduce water consumption in agriculture?
- Drip Irrigation
- Soil Moisture Sensors
- AI-based Scheduling
- All of these
Answer: All of these
Precision irrigation combines: drip systems for targeted delivery, IoT sensors for real-time soil data, AI for optimal scheduling. Reduces water use by 30-60% while maintaining yields. Critical for water-stressed regions.
The international agreement establishing principles for lunar exploration signed by India is called ________ Accords.
- Ground Station
- Artemis
- Graphene
- Decentralized
Answer: Artemis
Artemis Accords (2020) establish principles for peaceful, transparent lunar cooperation: interoperability, emergency assistance, resource utilization. India signed in 2023, aligning with space diplomacy goals.
Inter-satellite laser links enable data routing between LEO satellites without ground stations.
- True
- False
Answer: True
Optical inter-satellite links create space-based backbone, reducing ground infrastructure needs and latency. Used in Starlink, OneWeb constellations. Critical for global broadband coverage and resilience.
Which ISRO center develops satellite communication payloads?
- VSSC
- URSC
- SAC
- LPSC
Answer: SAC
Space Applications Centre (SAC), Ahmedabad, develops communication, remote sensing, and navigation payloads for ISRO satellites. Critical for satellite technology indigenization and application development.
The cryptographic technique enabling verification of transactions without revealing sender/receiver is called Zero-________ Proofs.
- Interoperability
- Work
- Nature-based / Biological
- Knowledge
Answer: Knowledge
Zero-Knowledge Proofs enable proving transaction validity without revealing parties or amounts. Critical for privacy-preserving CBDC and crypto systems while maintaining auditability for regulators.
Which Indian authority oversees securities-like crypto tokens?
- RBI
- SEBI
- IRDAI
- PFRDA
Answer: SEBI
SEBI regulates crypto assets classified as securities (security tokens, certain NFTs). Framework evolving to address tokenization of real-world assets, investor protection, and market integrity.
Retail CBDC can coexist with commercial bank deposits without causing disintermediation.
- True
- False
Answer: True
CBDC design can include holding limits, tiered remuneration, and intermediation models to preserve bank deposit role. Critical for financial stability while enabling digital payment innovation.
Which technology enables confidential transactions by hiding amounts while proving validity?
- Ring Signatures
- Bulletproofs
- Confidential Transactions
- All of these
Answer: All of these
Privacy techniques: Ring signatures obscure sender; Bulletproofs provide efficient range proofs; Confidential Transactions hide amounts using Pedersen commitments. Balance privacy with regulatory auditability.
The FATF recommendation requiring VASPs to share transaction originator/beneficiary information is called the ________ Rule.
- Diode
- Travel
- Randomized
- Security Monitoring / CNAPP
Answer: Travel
Travel Rule (FATF Recommendation 16) requires VASPs to transmit sender/receiver information for crypto transactions above threshold. Implemented via protocols like IVMS101. Critical for cross-border AML compliance.
Stablecoins maintain value parity through reserves, algorithms, or hybrid mechanisms.
- True
- False
Answer: True
Stablecoin types: fiat-collateralized (USDC), crypto-collateralized (DAI), algorithmic (failed Terra). Regulatory focus: reserve transparency, redemption rights, systemic risk mitigation. Critical for crypto ecosystem understanding.