What is crypto currency? How it works? What are the dangers associated with crypto currencies? What is India’s stand on crypto currencies?
Answer: Crypto currency is generic name for a virtual currency. A single unit of crypto currencies is actually a complex computerized code that cannot be duplicated.
The most popular crypto currency is Bitcoin. It is one of the 4,000 crypto currencies available in world today. Like every crypto currency, every Bitcoin transaction is recorded in a public list called block chain. Block chain is a sophisticated record maintaining system run by several user in a decentralized way.
The dangers associated with crypto currencies are manifold:
- Crypto currencies do not maintain record, nobody knows who the seller or who the ....
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General Studies Mains Questions And Answers
- 1 Digital transformation holds immense potential for bringing about rapid socio-economic development of rural India. Discuss.
- 2 Discuss the contribution of moderates in the Indian freedom movement by describing the various methods adopted by them.
- 3 Give an account of the evolution of the relationship between the British power and the Indian princely states during the British rule, mentioning the key developments.
- 4 Describing the importance of big dams in India, throw light on the problems associated with them. Discuss the efforts made for dam safety in the country.
- 5 Urbanization is a double-edged sword for women. Discuss the challenges faced by women in cities and describe the measures to overcome them.
- 6 What is the Model Code of Conduct? Describe the importance and challenges of Model Code of Conduct.
- 7 Discuss the functions and role of the Election Commission of India. How does the Election Commission ensure free and fair elections in India?
- 8 BIMSTEC is an important organization to strengthen India's position in South-East Asia. Mention the major obstacles to the integration of BIMSTEC.
- 9 India and the US have agreed to move forward in the field of space cooperation. Discuss the limiting factors in the path of space cooperation between the two countries and suggest ways to solve them.
- 10 The Nuclear Non-Proliferation Treaty is considered important to prevent the spread of nuclear weapons; yet India is opposed to this treaty. Explain.
