Block Chain MCQ Questions and Answer PDF

1. What is a blockchain?

1. A blockchain is a decentralized, distributed, digital ledger consisting of records called

blocks
2. A blockchain is a decentralized, distributed, digital ledger consisting of records called
blocks
3. A blockchain is a centralized digital ledger consisting of records called blocks
4. None of the above

Answer: A blockchain is a decentralized, distributed, digital ledger consisting of records

called blocks

2. The term used for a blockchain splits is ________.

1. A fork
2. A merger
3. A division
4. None of the above

Answer: A fork

3. What are the benefits of blockchain technology?

1. No hidden fees
2. Security & Speed
3. Fraud control & Access levels
4. All of the Above

Answer: All of the Above

4. Bitcoin is created by ________.

1. Saifedean Ammous
2. Satoshi Nakamoto
3. Vitalik Buterin
4. None of the above

Answer: Satoshi Nakamoto

5. What are the pillars of blockchain technology?

1. Immutability
2. Transparency
3. Decentralization
4. All of the Above

Answer: All of the Above

6.Where do you keep your cryptocurrency?

1. Floppy Disk
2. Wallet
3. Bank account
4. In your pocket

Answer: Wallet

7. Which of the following is not a blockchain component?

1. certificate authority
2. Ledger
3. Wallet
4. Hash

Answer: certificate authority

8. Which of the following is true about the bitcoin scripting language?

1. support infinite time/memory

2. stack based
3. Turing complete
4. None of the above

Answer: stack based

9. P2P stands for ________

1. Peer to Peer
2. Password to Private
3. Private to Public
4. None of the above

Answer: Peer to Peer

10. The alternatives to POW are ______

1. Delegated Proof Of Stake

2. Proof of stake
3. Both A and B
4. None of the above

Answer: Both A and B

11. _______ provides the power to the Ethereum Virtual Machine.

1. Gas
2. Ether
3. Both A and B
 4. None of the above

Answer: Gas

12. POW stands for__________

1. Proof of Work
2. Proof of Word
3. Proof of Wisdom
4. None of the above

Answer: Proof of Work

13. Bitcoin is created by ______

1. Satoshi Nakamoto
2. Vitalik Buterin
3. Saifedean Ammous
4. None of the above

Answer: Satoshi Nakamoto

14. The term used for a blockchain splits is ________.

1. A division
2. A merger
3. A fork
4. None of the above

Answer: A fork

15. IPFS stand for ________

1. Interproject File System

2. Interplanetary File System
3. Interplanetary Fax System
4. None of the above

Answer: Interplanetary File System

16. The research paper that brought Bitcoin to the world is known as ________

1. Blue Paper
2. Red Paper
3. Black Paper
4. White Paper

Answer: White Paper

17. _______ are the real-world applications of blockchain.

 1. Banking
2. Distributed Cloud Storage
3. Healthcare
4. All of the above

Answer: All of the above

18. Proof of Stake is _______

1. A transaction and block verification protocol

2. A certificate needed to use the blockchain
3. All of the above
4. None of the above

Answer: A transaction and block verification protocol

19. In blockchain, a block is consist of ____

1. Transaction data
2. A Hash point
3. A Timestamp
4. All of the above

Answer: All of the above

20. Block chain was invented in which year?

1. 2007
2. 2006
3. 2008
4. 2009

Answer: 2008

21. ______ was the famous Bitcoin exchange from Japan.

1. Bitstamp
2. Mt. Gox
3. All of above
4. None of above

Answer: Mt. Gox

22. Mt. Gox which was the one of the famous Bitcoin exchange collapsed in which year?

1. 2014
2. 2013
3. 2011
4. 2016
Answer: 2014

23. __________ is used for storing bitcoins.

1. Wallet
2. Block
3. All of above
4. None of above

Answer: Wallet

24. _______ is the type of ledger present in Blockchain.

1. Decentralized Ledger
2. Distributed Ledger
3. Both A and B
4. None of above

Answer: Both A and B

25. The process of creating new bitcoins is known as__________

1. Sourcing
2. Financing
3. Mining
4. None of the above

Answer: Mining

26. Blockchain technology is consists of _______ pillars.

1. 9
2. 5
3. 7
4. 3

Answer: 3

27. UTXO stands for _______.

1. United Transaction Output

2. Unspent Transaction Output
3. United Transaction Office
4. Unspent Transaction Office

Answer: Unspent Transaction Output

28. The maximum number of bitcoins that can be created is___________

1. 21 million
 2. 25 million
3. 11 million
4. 100 million

Answer: 21 million

29. _________ characteristic makes block chain tamper-proof.

1. VPN
2. Crypto currency
3. Immutability
4. All of the above

Answer: Immutability

30. _______ is the part of asymmetric encryption.

1. Private Key
2. Public key
3. Passphrase
4. All of the above

Answer: All of the above