1. What does CBDC stand for?
A)Certified Bank Data Center
B)Central Bank Digital Currency
C)Common Bank Digital Cash
D)Core Blockchain Digital Coin
2. Who issues a CBDC?
A)Decentralized nodes
B)The central bank
C)Crypto exchanges
D)Private investors
3. Which of these is a key feature of cryptocurrency?
A)Centralized authority
B)Decentralization
C)Physical backing
D)Government control
4. CBDCs are designed to be:
A)Completely unregulated
B)Regulated by the state
C)Unconnected to fiat
D)Highly anonymous
5. Bitcoin is considered a type of:
A)CBDC
B)Fiat bank account
C)Government bond
D)Decentralized cryptocurrency
6. What is the primary backer of a CBDC?
A)The issuing government
B)Gold reserves
C)A private company
D)Mining difficulty
7. Which is more likely to be censorable by a government?
A)A CBDC
B)Ethereum
C)Monero
D)Bitcoin
8. CBDCs typically operate on:
A)No technology
B)Public blockchains
C)Permissioned ledgers
D)Physical paper
9. Cryptocurrencies generally aim to be:
A)Bank-dependent
B)State-controlled
C)Trustless
D)Tax-exempt
10. Which asset is most similar to traditional cash?
A)Ethereum
B)CBDC
C)NFT
D)Bitcoin
11. CBDCs are often criticized for potential lack of:
A)Accessibility
B)Efficiency
C)Speed
D)Privacy
12. Who controls the ledger for most cryptocurrencies?
A)The central bank
B)The network participants
C)Commercial banks
D)The government
13. CBDCs are essentially the digital form of:
A)Commodities
B)Fiat currency
C)Stocks
D)Gold
14. Which is an example of a cryptocurrency?
A)Digital Dollar
B)Bitcoin
C)Digital Yuan
D)FedCoin
15. CBDCs aim to improve the efficiency of:
A)Crypto trading
B)NFT creation
C)Fiat payments
D)Mining
16. What is the primary purpose of a 'cold wallet'?
A)To reset passwords
B)To store keys offline
C)To trade faster
D)To mine Bitcoin
17. What does a 'phishing' scam attempt to steal?
A)Mining rigs
B)Your private keys
C)Your computer hardware
D)The blockchain
18. What was the Mt. Gox incident?
A)A mining software
B)A new coin launch
C)A government regulation
D)A massive exchange hack
19. What is a 'rug pull' in crypto?
A)A hardware update
B)A wallet transfer
C)A developer scam
D)A market correction
20. You should never share your wallet's:
A)Transaction hash
B)Public address
C)Exchange username
D)Recovery seed phrase
21. What is 2FA used for in crypto accounts?
A)Higher trading fees
B)Extra login security
C)Faster mining
D)Automatic trading
22. What is a Ponzi scheme in crypto?
A)A mining pool
B)A secure ledger
C)A fraudulent investment
D)A legitimate coin
23. What does 'DYOR' stand for in crypto?
A)Download Your Online Records
B)Direct Yield Of Rewards
C)Do Your Own Research
D)Digital Yield On Returns
24. Which is a common sign of a crypto scam?
A)Guaranteed huge returns
B)Open source code
C)High transparency
D)Community forums
25. What does an exchange's 'hot wallet' hold?
A)Funds for instant access
B)Physical cash
C)User birth certificates
D)Gold reserves
26. What is a 'seed phrase'?
A)A website URL
B)A master key for a wallet
C)A mining password
D)A transaction ID
27. What is malware in the context of crypto?
A)Software that steals data
B)A secure browser
C)A digital asset
D)A mining algorithm
28. What is a 'honeypot' scam?
A)A trap for investor funds
B)A decentralized app
C)A legitimate investment
D)A secure storage vault
29. Where should you ideally keep large amounts of crypto?
A)An online exchange
B)A smartphone app
C)A hardware wallet
D)A browser extension
30. What is a 'social engineering' attack?
A)A blockchain fork
B)Tricking a user for info
C)A market crash
D)A network upgrade
31. What is a 'bull market'?
A)Prices rising
B)Market is stagnant
C)Trading is suspended
D)Prices falling
32. What is a 'bear market'?
A)Market is stable
B)Prices falling
C)New coins launching
D)Prices rising
33. What is 'All-Time High' (ATH) in crypto?
A)Average daily price
B)Lowest price ever
C)Government price cap
D)Maximum historical price
34. What is crypto volatility?
A)Transaction fees
B)Frequent price changes
C)Network speed
D)Price stability
35. What does 'HODL' mean?
A)High order digital link
B)Sell quickly
C)Hold your assets
D)Heavy online data loss
36. What is a 'correction' in crypto?
A)A legal contract
B)Price drop after a rally
C)A bank audit
D)A software patch
37. Which event often causes price volatility?
A)Lack of internet
B)Fixed supply
C)Market news
D)Static growth
38. What is a 'pump and dump' scheme?
A)A secure exchange
B)A blockchain update
C)Artificial price inflation
D)A mining process
39. What is 'market cap'?
A)Transaction speed
B)Maximum price of a coin
C)Total value of a coin
D)Number of miners
40. What is a 'dip' in crypto?
A)A mining reward
B)An exchange hack
C)A permanent loss
D)A temporary price fall
Answer Key
1-B
2-B
3-B
4-B
5-D
6-A
7-A
8-C
9-C
10-B
11-D
12-B
13-B
14-B
15-C
16-B
17-B
18-D
19-C
20-D
21-B
22-C
23-C
24-A
25-A
26-B
27-A
28-A
29-C
30-B
31-A
32-B
33-D
34-B
35-C
36-B
37-C
38-C
39-C
40-D