Question 1

What does NFT stand for in the context of digital assets?

Accepted Answer

Non-Fungible Token

Answer

Non-Financial Transaction

Answer

Non-Flexible Trust

Answer

Non-Functional Technology

Question 2

Which blockchain is most commonly associated with the majority of NFT transactions?

Accepted Answer

Ethereum

Answer

Litecoin

Answer

Bitcoin

Answer

Ripple

Question 3

Which of the following is a common use case for NFTs?

Accepted Answer

Digital art ownership

Answer

Traditional currency exchange

Answer

Email communication

Answer

Stock market trading

Question 4

Which of the following characteristics distinguishes NFTs from regular cryptocurrencies?

Accepted Answer

Uniqueness and indivisibility

Answer

Stability and predictability

Answer

Interchangeability and divisibility

Answer

Anonymity and security

Question 5

What is a common platform for buying and selling NFTs?

Accepted Answer

OpenSea

Answer

Amazon

Answer

Etsy

Answer

eBay

Question 6

What is the primary technology that underpins the security and authenticity of NFTs?

Accepted Answer

Blockchain

Answer

Cloud computing

Answer

Artificial intelligence

Answer

Virtual reality

Question 7

Which term describes the ability to exchange one NFT for another NFT of equal value?

Accepted Answer

Fungibility

Answer

Divisibility

Answer

Non-fungibility

Answer

Liquidity

Question 8

What is a common criticism of NFTs in relation to environmental concerns?

Accepted Answer

High energy consumption for transactions

Answer

Low liquidity in the market

Answer

Poor user interface

Answer

Limited artistic potential

Question 9

What is the term for the digital certificate that verifies authenticity and ownership of an NFT?

Accepted Answer

Smart contract

Answer

Digital wallet

Answer

Cryptographic key

Answer

Blockchain ledger

Question 10

In the context of NFTs, what does the term 'minting' refer to?

Accepted Answer

The process of creating a new NFT on the blockchain

Answer

The transfer of NFT ownership

Answer

The destruction of an NFT

Answer

The sale of an NFT at auction

Question 11

What does UBI stand for in economic policy?

Accepted Answer

Universal Basic Income

Answer

Universal Borrowing Income

Answer

Uniform Budget Index

Answer

Universal Benefit Initiative

Question 12

Which of the following is a primary goal of Universal Basic Income (UBI)?

Accepted Answer

Reducing poverty

Answer

Promoting competition among businesses

Answer

Eliminating all forms of taxation

Answer

Increasing corporate profits

Question 13

Which country is often cited as having implemented a form of Universal Basic Income?

Accepted Answer

Finland

Answer

Japan

Answer

United States

Answer

Germany

Question 14

What is a common argument against Universal Basic Income (UBI)?

Accepted Answer

It could discourage people from working

Answer

It reduces overall government spending

Answer

It eliminates the need for any social services

Answer

It guarantees a profit for all citizens

Question 15

What is one method proposed to fund Universal Basic Income (UBI)?

Accepted Answer

Tax on wealth

Answer

Cutting military spending

Answer

Eliminating education funding

Answer

Increasing subsidies for businesses

Question 16

In what way could Universal Basic Income (UBI) impact mental health?

Accepted Answer

It may reduce stress and anxiety

Answer

It leads to increased isolation

Answer

It promotes competitive behaviors

Answer

It has no effect on mental well-being

Question 17

What is a potential benefit of Universal Basic Income (UBI) for the economy?

Accepted Answer

Stimulating consumer spending

Answer

Decreasing government revenues

Answer

Lowering standards of living

Answer

Increased unemployment rates

Question 18

Which notable figure has been a prominent advocate for Universal Basic Income (UBI)?

Accepted Answer

Andrew Yang

Answer

Bernie Sanders

Answer

Elizabeth Warren

Answer

Donald Trump

Question 19

What is a typical amount proposed for a Universal Basic Income (UBI) in various discussions?

Accepted Answer

$1,000 per month

Answer

$2,500 per month

Answer

$10,000 per month

Answer

$500 per month

Question 20

Which of the following is a potential criticism of Universal Basic Income (UBI)?

Accepted Answer

It may lead to inflation

Answer

It simplifies the welfare system

Answer

It only benefits wealthy individuals

Answer

It guarantees employment for everyone

Question 21

What does CBDC stand for?

Accepted Answer

Central Bank Digital Currency

Answer

Consumer Bank Digital Credit

Answer

Cryptocurrency Blockchain Digital Currency

Answer

Central Bank Distributed Coin

Question 22

Which of the following is a primary benefit of CBDCs?

Accepted Answer

Enhanced financial inclusion

Answer

Higher transaction fees

Answer

Limited access to banking services

Answer

Increased cash usage

Question 23

What is one potential risk associated with the implementation of CBDCs?

Accepted Answer

Bank disintermediation

Answer

Increased physical cash circulation

Answer

Greater privacy in transactions

Answer

Reduced transaction speed

Question 24

Which technology is commonly associated with the development of CBDCs?

Accepted Answer

Distributed Ledger Technology (DLT)

Answer

Virtual Reality

Answer

Cloud Computing

Answer

Artificial Intelligence

Question 25

How can CBDCs potentially affect monetary policy?

Accepted Answer

By providing a new tool for central banks to influence money supply

Answer

By decreasing the availability of credit

Answer

By eliminating the need for interest rates

Answer

By limiting currency exchange

Question 26

What is one of the main concerns regarding the privacy of transactions made with CBDCs?

Accepted Answer

Government surveillance of transactions

Answer

Higher privacy than cash transactions

Answer

Unlimited anonymity for users

Answer

Increased safety from hacking

Question 27

Which country was one of the first to pilot a CBDC?

Accepted Answer

China

Answer

Germany

Answer

United States

Answer

India

Question 28

What is a primary reason central banks are exploring CBDCs?

Accepted Answer

To improve payment efficiency

Answer

To eliminate all cryptocurrencies

Answer

To encourage the use of cash

Answer

To reduce the role of the internet

Question 29

Which feature distinguishes CBDCs from traditional cryptocurrencies?

Accepted Answer

Government backing

Answer

Anonymity of transactions

Answer

Unlimited supply

Answer

Decentralized network

Question 30

What is one potential impact of CBDCs on the banking sector?

Accepted Answer

Increased competition for deposits

Answer

Reduced transaction security

Answer

Creation of new fiat currencies

Answer

Banning of traditional banking

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