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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.
Correct Answer: (b)
UnverifiedNo official key was published for this paper. This answer is awaiting faculty review: treat it with caution.
This question appeared in the APSC Prelims 2023 examination (GS). It is Question 63 out of 178 questions in this paper.
This question was part of the APSC Prelims 2023 (GS). The APSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all APSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.