Question 1

What does DeFi stand for?

Accepted Answer

Decentralized Finance

Answer

Decentralized Banking

Answer

Digital Finance

Answer

Centralized Finance

Question 2

Which technology is frequently used in DeFi?

Accepted Answer

Blockchain

Answer

Virtual Reality

Answer

Cloud Computing

Answer

Artificial Intelligence

Question 3

What is the main objective of DeFi in the financial system?

Accepted Answer

Reducing intermediaries like banks

Answer

Increasing interest rates

Answer

Promoting traditional banking practices

Answer

Expanding government regulations

Question 4

How does DeFi differ from traditional financial systems?

Accepted Answer

It operates on decentralized networks

Answer

It prioritizes complex financial products

Answer

It is controlled by a single central authority

Answer

It relies heavily on physical bank branches

Question 5

What technology is used to secure transactions in DeFi?

Accepted Answer

Smart contracts

Answer

Magnetic stripe cards

Answer

Fingerprint scanning

Answer

Biometric authentication

Question 6

Which of the following is a core concept of DeFi?

Accepted Answer

Decentralization

Answer

Regulation

Answer

Centralization

Answer

Intermediary

Question 7

What is the primary benefit of DEXs compared to CEXs?

Accepted Answer

Greater control over assets and enhanced privacy

Answer

More advanced trading tools

Answer

Faster transactions processing

Answer

Lower fees for trading

Question 8

What technology enables lending and borrowing platforms in DeFi to automate lending agreements?

Accepted Answer

Smart contracts

Answer

Blockchain technology

Answer

Artificial intelligence

Answer

Cloud computing

Question 9

What do Real-world assets refer to?

Accepted Answer

Tangible assets like stocks, bonds, or commodities represented through tokenization

Answer

Artificial intelligence assets

Answer

Digital assets like cryptocurrencies

Answer

Virtual reality assets

Question 10

Which of the following is an example of a real-world asset?

Accepted Answer

Gold bars

Answer

Cryptocurrency wallet

Answer

Online gaming currency

Answer

Virtual real estate

Question 11

What is the goal of platforms like HaloFi in the DeFi ecosystem?

Accepted Answer

To make DeFi more accessible to mainstream users

Answer

To create a closed financial system

Answer

To increase barriers to entry for mainstream users

Answer

To limit access to DeFi for experts only

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