Quizzonomics Round 1

Case Study :

Mars has been colonized and a new government has been set-up on the planet (the entire planet is treated as a single economy). President Datt Mamon and Finance Minister Wristen Kiig have just announced that the Martian economy is being flooded by buyers, causing tremendous strain on Martian banks and producers. It is up to you, the directors of the Reserve Bank of Mars (RBM) to restore the market back to an equilibrium condition.

Q.)  What should the RBM do with the SLR in this case (hint: start by inferring whether this is a situation of excess demand or excess supply)?

• 1. Increase SLR: Commercial banks have more liquid assets to increase borrowers’ purchasing power

• 1. Decrease SLR: Commercial banks have less liquid assets to decrease borrowers’ purchasing power

• 1. Increase SLR: Commercial banks have more liquid assets to decrease borrowers’ purchasing power.

• Decrease SLR: Commercial banks have less liquid assets to increase borrower’s purchasing power.

Case Study: Mars has been colonized and a new government has been set-up on the planet (the entire planet is treated as a single economy). President Datt Mamon and Finance Minister Wristen Kiig have just announced that the Martian economy is being flooded by buyers, causing tremendous strain on Martian banks and producers. It is up to you, the directors of the Reserve Bank of Mars (RBM) to restore the market back to an equilibrium condition.
Question :- How should the RBM adjust the repo rate towards the Martian banks in this case?

• Increase the repo rate: Discourage banks to borrow from RBM, thereby indirectly decreasing the purchasing power of buyers.

• 1. Decrease the repo rate: Discourage banks to borrow from RBM, thereby indirectly decreasing the purchasing power of buyers.

• 1. Decrease the repo rate: Encourage banks to borrow from RBM, thereby indirectly increasing the purchasing power of buyers.

• 1. RBM should not adjust the repo rates.

What is the process by which new bitcoins are created and transactions are verified on the Bitcoin network? 

• Trading

• Mining

• Staking

• Hashing

What is the maximum supply of bitcoins that can ever exist? 

• 10 million

• 100 million

• 1 billion

• 21 million

Case Study: ABC Corporation, a global technology company, is considering launching its own cryptocurrency as a means of facilitating transactions within its ecosystem. As part of their decision-making process, they analyze the advantages and challenges associated with creating and managing their cryptocurrency.
Question : Which of the following statements accurately represents a potential advantage of launching their own cryptocurrency in this case? 

• Creating their own cryptocurrency would provide ABC Corporation with full control over transaction validation and eliminate the need for third-party intermediaries. 

•  Launching a company-specific cryptocurrency would automatically ensure compliance with all existing financial regulations and mitigate any potential legal issues.

• Implementing their own cryptocurrency would eliminate the need for encryption and secure storage, simplifying the overall cybersecurity requirements for ABC Corporation.

• Introducing their own cryptocurrency would guarantee widespread acceptance and adoption in the global market, reducing the need for marketing efforts and customer education.

Case Study : ABC Corporation, a global technology company, is considering launching its own cryptocurrency as a means of facilitating transactions within its ecosystem. As part of their decision-making process, they analyze the advantages and challenges associated with creating and managing their cryptocurrency.
Question :  Which of the following statements accurately represents a potential risk or challenge they may face in this case? 

• Introducing their own cryptocurrency could lead to increased market competition and reduced market share for ABC Corporation.

• Launching a company-specific cryptocurrency would eliminate the need for regulatory compliance, ensuring a smooth and risk-free operation.

• Implementing their own cryptocurrency may introduce complexities in terms of scalability, transaction speed, and network congestion.

• Creating their own cryptocurrency would guarantee instant global recognition and acceptance, leading to rapid adoption and user trust.

What is the purpose of a public key in cryptocurrency?

•  It is used to sign transactions

•  It is used to access funds

• It is used to identify the sender and receiver

• It is used to generate new cryptocurrencies

Which of the following defines an outstanding salary account?

• 1. Natural personal account

• Representative personal account

• 1. Artificial Personal Account

• Real Account

Which institution launched the ‘Fair Lending Practice – Penal Charges in Loan Accounts’?

• 1. RBI

• 1. SEBI

• 1. BHEL

• 1. IRDA

Adi commenced his cloth business on 1st April 18 with a capital of ₹ 50,000. On 31st March’ 19, his assets were worth ₹ 70,000 and liabilities of ₹ 10,000. 
Find out his closing capital and profits earned during the year.

• 1. Closing cap- 80,000; Profit - 30,000

• 1. Closing cap- 60,000; Loss- 30,000

• 1. Closing Cap- 60,000; Profit- 10,000

• 1. Closing Cap- 10,000; Loss- 60,000