What do you understand by Crypto currency? Do you think Crypto currency needs to be regulated in India? Explain by quoting the regulatory methods of other countries.
Answer: Crypto currency is tradable digital asset or digital form of currency built on block chain technology. Crypto currencies use encryption to authenticate and protect transaction. There are currently thousand crypto currencies in the world, which holds key to future economy.
- Bit-coin was the first Crypto currency established in the digital space in 2009. After that several Crypto currencies have been created such as Ethereum, LTC, etc.
The dangers associated with crypto currencies are manifold such as:
- Crypto coins do not maintain record, nobody knows about the seller, or who is the buyer. This anonymity may lead to terror ....
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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.
