Unit-3 Introduction to Blockchain [Set 01]

Q1) What does the term"P2P"standforinthecontextoftheWorldWideWeb?

A. Peer-to-Peer
B. PlatformtoPlatform
C. PersontoPerson
D. Publicto Private
Ans:A. Peer-to-Peer

Q2)Whodefinedblockchaintechnologyin 1991?
A. Stuart Haber and W.Scott Stornetta
B. Vitalik Buterin
C. TimBerners-Lee
D. Satoshi Nakamoto
Ans:D

Q3)Whichyearismarkedastheturningpointofblockchaintechnology?
A. 2004
B. 2014
C. 2009
D. 2020
Ans:B

Q4)Whichlayerinblockchaindealswithvalidationand transaction?
A. ApplicationLayer
B. ExecutionLayer
C. SemanticLayer
D. PropogationLayer
Ans:C
Q5)Whatarethelimitationsofblockchain?
A. Trustissues
B. Securityissue
C. Privacyissue
D. Allofthe above
Ans:D

Q6)Whichofthesecanbestoredonablockchain?
A) Personalinformation
B) Picturesandvideos
C) Transactionsandcontracts
D) Bankaccountpasswords
Answer: C)

Q7)Whatistheterm"mining"usedforinblockchain?
A) Creatingnewblocksandaddingthemto the chain
B) Searchingforlostpasswords
C) Storingdata
D) Sendingmoney
Answer:A)

Q8)Whatdoes"decentralized"meaninblockchain?
A) Thereisnocentralauthority
B) Onlyonepersoncontrolsit
C) Itisonlyusedforlargecompanies
D) Itisusedbybanks only
Answer:A)
Q9)Whichplatformisusedtocreate"smartcontracts"?
A) Bitcoin
B) Ethereum
C) Ripple
D) Litecoin
Answer: B)

Q10)Whatis themainfeatureofapublicblockchain?
A) Itisonlyaccessiblebyafew people
B) Itiscompletelyclosedand private
C) Itcanbeaccessedandusedbyanyone
D) Itrequiresspecialpermissiontoview
Answer: C)
 Unit3-BlockchainOverview[Set 02]
1. WhoisknownasthecreatorofBitcoin,thefirstapplicationofblockchaintechnology?

a) VitalikButerin
b) SatoshiNakamoto
c) CharlesHoskinson
d) GavinWood
Answer:b)SatoshiNakamoto

2. Whatisa"genesisblock"inablockchain?

a) Thelatestblockintheblockchain
b) Theblockthat comesafterthelatestblock
c) Thefirstblockoftheblockchain
d) A block that is yet to be mined
Answer:c)Thefirstblockoftheblockchain

3. Whichc)ThefirstblockoftheblockchainconsensusalgorithmdoesBitcoinuse?

a) ProofofStake(PoS)
b) ProofofWork(PoW)
c) DelegatedProof of Stake(DPoS)
d) PracticalByzantineFaultTolerance(PBFT)
Answer: b) Proof of Work (PoW)

4. Whichplatformismostwidelyknownforsupportingsmartcontracts?

a) Bitcoin
b) Ripple
c) Ethereum
d) Litecoin
Answer:c)Ethereum

5. Whatisa"hashrate"inblockchainterminology?

a) Thespeedatwhichablockismined
b) Thenumberoftransactionspersecond
c) Themeasureofcomputationalpowerusedformining
d) Thesizeof ablock
Answer:c)Themeasureofcomputationalpowerusedformining

6. WhichofthefollowingisNOTacharacteristicofblockchain?
 a) Immutability
b) Transparency
c) Centralization
d) Cryptographicsecurity
Answer:c)Centralization

7. Whichoftheseblockchainsisknownforenablingsmartcontractsanddecentralized
applications (dApps)?

a) Bitcoin
b) Ethereum
c) Litecoin
d) Ripple
Answer:b)Ethereum

8. Whichlayerallowsuserstointeractwithblockchainapplications?

a) ExecutionLayer
b) ConsensusLayer
c) ApplicationLayer
d) Propagation Layer
Answer:c)ApplicationLayer

9. WhatdoestheConsensusLayerdo?

a) Runssmart contracts
b) Helpsallnodesagreeontransactionvalidity
c) Distributestransactiondata
d) Verifiesuser identity
Answer:b)Helpsallnodesagreeontransactionvalidity

10. Whichoftheseisamajorproblemwithcentralizedsystems?

a) Highsecurity
b) Singlepointoffailure
c) Unlimitedaccess
d) Fast performance
Answer:b)Singlepointof failure
 Lesson3:BlockchainOverv
iew
[Set 03]

3.1IntroductiontoBlockchain

1.Who introducedtheconceptofblockchainwithBitcoin?

a) BillGates

b)Mark Zuckerberg

c)Satoshi Nakamoto

d) ElonMusk

Answer:c)SatoshiNakamoto

2.Whatisblockchainmainlyusedfor?

a) Playingvideogames

b)Recordingdigitaltransactions

c)Designingwebsites

d) Creatingsocialmediaprofiles

Answer:b)Recordingdigitaltransactions

3.2CentralizedversusDecentralizedSystem

3.Inacentralizedsystem,dataisstored on:

a) Multipleserverswithnomaincontrol

b)Asingleservercontrolledbyoneauthority

c)Everyuser'scomputer

d) Onlycloudstorage
Answer:b)Asingleservercontrolledbyoneauthority

4.Whichsystemismoresecureandhardertohack?

a) Centralizedsystem

b)Decentralizedsystem

c)Manualsystem

d) Paper-basedsystem

Answer:b)Decentralizedsystem

3.3LayersofBlockchain

5.Whichlayerallowsuserstointeractwithblockchainapplications?

a) ExecutionLayer

b)ConsensusLayer

c)ApplicationLayer

d) PropagationLayer

Answer:c)ApplicationLayer

6.WhatdoestheConsensusLayerdo?

a) Runssmartcontracts

b)Helpsallnodesagreeontransactionvalidity

c)Distributes transactiondata

d) Verifiesuseridentity

Answer:b)Helpsallnodesagreeontransactionvalidity

7.ThePropagationLayerisresponsiblefor:

a) Storingdatapermanently

b)Sharingtransactiondataacrossthenetwork

c)Runningsecuritychecks
 d) Creatinguserinterfaces

Answer:b)Sharingtransactiondataacrossthenetwork

3.4ImportanceofBlockchain

8.Whichoftheseisamajorproblemwithcentralizedsystems?

a) Highsecurity

b)Singlepointoffailure

c)Unlimitedaccess

d) Fastperformance

Answer:b)Singlepointoffailure

9.Blockchainiswidelyadoptedinwhichsector?

a) Bankingandfinance

b)Fooddeliveryservices

c)Socialmediamarketing

d) Traditionalfarming

Answer: a)Banking andfinance

3.5BlockchainUseandUseCases

10. Whichisareal-lifeusecaseofblockchain?

a) Streamingmusic

b)Cryptocurrencytransactions

c)Printingdocuments

d) SendingSMS

Answer:b)Cryptocurrencytransactions
ETI:Unit3-

Blockchain[Set 04]

MCQ
1. Whatisablockchain?
a)Acentralizeddigitalledger
b)Adecentralizedanddistributedledger
c)Atraditionaldatabasemanagedbyasingleentity
d)Apeer-to-peernetworkwithoutencryption

2. WhichofthefollowingisNOTacharacteristicofblockchain?
a)Immutability
b)Transparency
c)Centralization
d)Cryptographicsecurity

3. Whatistheprimarypurposeofaconsensusmechanisminblockchain?
a)Toincreasetransactioncosts
b)Tovalidateandagreeontransactionsinadecentralizedmanner
c)Toallowonlyselectedparticipantstocontrolthenetwork
d)Tospeedupdataretrieval

4. WhichofthefollowingconsensusalgorithmsiscommonlyusedinBitcoin?
a)ProofofStake(PoS)
b)DelegatedProofofStake(DPoS)
c)ProofofWork(PoW)
d)Practical ByzantineFaultTolerance(PBFT)

5. Smartcontractsareprimarilyexecutedonwhichtypeofblockchain?
a)Privateblockchain
b)Publicblockchain
c)Consortiumblockchain
d)Permissionedblockchain

6. Whatistheroleofcryptographichashinginblockchain?
a)Tocreatenewblocks
b)Toencrypttransactions
c)Toensuredataintegrityandimmutability
d)Toreplaceminers

7. Whichofthefollowingisakeyadvantageofblockchaintechnology?
a)Highcentralauthoritycontrol
b)Increasedtransparencyandsecurity
c)Hightransactionfees
d)Limitedscalability

8. Whatisaforkinblockchainterminology?
a)Ahardresetofthenetwork
b)Asplitintheblockchainduetoprotocolchanges
c)Amethodforfastermining
d)Awaytoreducetransactionspeed
9. Whichoftheseblockchainsisknownforenablingsmartcontractsanddecentra
lized applications(dApps)?
a)Bitcoin
b)Ethereum
c)Litecoin
d)Ripple

10.Inablockchain,whathappenswhenatransactionisvalidated?
a)Itisaddedtothependingtransactionspool
b)Itisremovedfromtheblockchainnetwork
c)Itisincludedinablockandpermanentlyrecorded
d)Itisencryptedbutnotstored
 MCQ’SFORUNIT3:BLOCKCHAINTECHNOLOGY[Set 05]

1. Whoisconsideredthefounderof Bitcoin?
o A)VitalikButerin
o B)CharlieLee
o C)SatoshiNakamoto
o D)Mark Zuckerberg
Answer:C(SatoshiNakamoto)
2. Whichofthefollowingbestdescribesblockchain?
o A)Acentralized network whereasingleentitymanagesall transactions
o B)Asystemofcryptographicallysecuredblocksthatstoredata
o C)Anewtypeof databaseonlyused for cryptocurrencies
o D)Atraditionalbankingsystem
Answer:B(Asystemof cryptographicallysecuredblocksthatstoredata)
3. Whichconsensusmechanismiscommonlyusedinblockchainnetworksto
validate transactions?
o A)Proofof Stake(PoS)
o B)ProofofWork(PoW)
o C)ProofofAuthority (PoA)
o D)All of theabove
Answer:D(Allofthe above)
4. Whatisa“block”inthecontextofablockchain?
o A)Atypeofcryptocurrency usedin transactions
o B)Arecordthatcontains alistoftransactionsandmetadata
 o C)Aserverthatprocessesblockchaintransactions
o D)Amachine used formining cryptocurrencies
Answer:B(Arecordthatcontainsalistoftransactionsandmetadata)
5. WhichofthefollowingisNOTacharacteristicofblockchaintechnology?
o A) Decentralization
o B)Transparency
o C) Immutability
o D)Centralized control
Answer:D(Centralizedcontrol)

6. Whichofthefollowingisadefiningfeatureofadecentralized system?
o A)Onecentralauthoritycontrolsall decisions
o B)Dataand decision-makingaredistributed acrossmultiple entities
o C)Transactionsareprocessedbyasingleentity
o D)It isonly used forfinancial transactions
Answer:B(Dataanddecision-makingaredistributedacrossmultiple entities)
7. Whichofthefollowingisadisadvantageofcentralized systems?
o A)Increasedsecurityrisksduetosinglepointsoffailure
o B)Loweroperationalcost
o C)Increased transparency
o D)Greaterredundancy
Answer:A(Increasedsecurityrisksduetosinglepointsoffailure)
8. Whichofthesebestdescribesacentralized system?
o A)Anetwork wheremultipleentitiessharecontroloverthe system
o B)Anetworkmanaged by asingleauthority with full control over operations
o C)Asystem whereevery user hasequalcontrol overthe network
o D)Adistributedledger usedto storefinancial transactions
Answer:B(Anetworkmanagedbyasingleauthoritywithfullcontroloveroperations)
9. Whichofthefollowingisanadvantageofdecentralized systems?
o A)Singlepoint of control
o B)Increasedefficiencyindecision-making

o C)Reduced risk ofdatamanipulation or tampering

o D)Easierto shut down or censor
Answer:C(Reduced riskofdatamanipulationor tampering)
10. Whichofthefollowingisawell-knownexampleofadecentralized system?
o A) Bitcoin
o B) Facebook
o C)AmazonWebServices(AWS)
o D)GoogleCloud
Answer:A(Bitcoin)
11. Whatistypicallyfoundatthe"applicationlayer"oftheblockchain?
o A)Consensusalgorithms
o B)SmartcontractsanddApps
o C)Peer-to-peernetwork
o D)Cryptographichashing
Answer:B(SmartcontractsanddApps)
12. Whichlayeroftheblockchainisresponsibleforvalidating transactions?
o A)Consensuslayer
o B)Networklayer
o C)Application layer
o D)Datalayer
Answer:A(Consensuslayer)
13. Whichofthefollowingisaresponsibilityofthe"networklayer"inblockchain?
o A)Ensuringtransactionvalidity
o B)Storingdata immutably
o C)Facilitatingpeer-to-peercommunication
o D)Executingsmart contracts
Answer:C(Facilitatingpeer-to-peercommunication)
14. The"datalayer"ofblockchainisprimarilyresponsiblefor:
o A)Consensusalgorithms
o B)Storingtheblockchainledgerandtransactiondata

o C)Runningdecentralizedapplications (dApps)
o D)Managinguser interfaces
Answer:B(Storingthe blockchainledgerandtransaction data)
15. Whichlayeroftheblockchaintechnologyensuresthateachparticipantcan
reach an agreement on the transaction state?
o A)Application layer
o B)Consensuslayer
o C)Networklayer
o D)Datalayer
Answer:B(Consensus layer)
16. Whichindustrybenefitsfromblockchain'sabilitytoprovidetransparentand
immutable records of transactions?
o A) Healthcare
o B)Banking and Finance
o C)Supply Chain Management
o D)All of theabove
Answer:D(Allofthe above)
17. Howdoesblockchainenhancesecurityinfinancial transactions?
o A)Bystoringtransactiondataonacentral server
o B)Byprovidingatamper-proofrecordoftransactions
o C)Byusingunencryptedcommunicationchannels
o D)Bymakingalltransactions anonymous
Answer:B(Byprovidingatamper-proofrecord of transactions)
18. Insupplychainmanagement,blockchaincanbeusedto:
o A)Tracktheoriginofgoodsinrealtime
o B)Encrypt datausing publickeys
o C)Automatemarketing campaigns
o D)Increaseinterestrates onloans
Answer:A(Tracktheoriginofgoodsinreal time)
19. Whichofthefollowingisakeybenefitofusingblockchainfordigitalidentity
management?
o A)It guaranteestotal anonymityforusers
o B)Itenablesuserstocontroltheirownidentitydatasecurely
o C)Itremovestheneedforanyidentificationsystems
o D)It only worksin certain countries
Answer:B(Itenablesuserstocontroltheirownidentitydata securely)
20. Whichofthefollowingisapotentialusecaseforblockchaininthehealthcare
sector?
o A)Enablingpatientstoaccessandcontroltheirhealthrecords securely
o B)Managingpayrollsforhospitalstaff
o C)Replacinggovernmentregulationswithsmart contracts
o D)Automatinginsurance paymentsthroughcentralizedsystems
Answer:A(Enablingpatientstoaccessand controltheirhealthrecords securely)
 MCQ'sonBlockchain[Set 06]
1) What is a Blockchain?
a) A Currency
b) A Centralized ledger
c) A type of Cryptocurrency
d) Distributed ledger
Ans :d) Distributed ledger

2) Who created Bitcoin?

a) Elon Musk
b) Warren Buffest
c) Satoshi Nakamoto
d) Mark Zukerberg
Ans :c) Satoshi Nakamoto

3) A Blockchain is a type of_________

a) Database
b) Object
c) Table
d) View
Ans: a) Database

4) What is dApp?
a) A type of Cryptocurrency
b) A condiment
c) A type of Blockchain
d) All of the Above
Ans :d) All of the Above

5) What is node?
a) A Blockchain
b) An exchange
c) A type of Cryptocurrency
d) A computer on a Blockchain Network
Ans :d) A computer on a Blockchain Network