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A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cryptocurrency, JioCoin.In the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.The blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.The most popular application of the technology has undoubtedly been cryptocurrency. Reliance Jio also aspires to get into theInternet of Things (IoT). Blockchain technology would come in handy there too. IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles, connected to the internet, which enables these objects to connect and exchange data. Experts have also pointed out that blockchain could potentially address security risks to IoT as it provides a shield against data tampering by labeling each block of data.Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies were not backed by assets and posed risks such as money laundering. Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves.Q. Why has the Indian government not legalized cryptocurrencies according to the passage?a)Lack of technological facilities present for its implementation.b)Threat to national data security, which could harm all the citizens.c)The normal currency notes will lose its significance if cryptocurrency is introduced.d)Probability of money laundering as money was not backed by assets.Correct answer is option 'D'. Can you explain this answer? for SSC 2024 is part of SSC preparation. The Question and answers have been prepared according to the SSC exam syllabus. Information about A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cryptocurrency, JioCoin.In the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.The blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.The most popular application of the technology has undoubtedly been cryptocurrency. Reliance Jio also aspires to get into theInternet of Things (IoT). Blockchain technology would come in handy there too. IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles, connected to the internet, which enables these objects to connect and exchange data. Experts have also pointed out that blockchain could potentially address security risks to IoT as it provides a shield against data tampering by labeling each block of data.Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies were not backed by assets and posed risks such as money laundering. Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves.Q. Why has the Indian government not legalized cryptocurrencies according to the passage?a)Lack of technological facilities present for its implementation.b)Threat to national data security, which could harm all the citizens.c)The normal currency notes will lose its significance if cryptocurrency is introduced.d)Probability of money laundering as money was not backed by assets.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for SSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cryptocurrency, JioCoin.In the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.The blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.The most popular application of the technology has undoubtedly been cryptocurrency. Reliance Jio also aspires to get into theInternet of Things (IoT). Blockchain technology would come in handy there too. IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles, connected to the internet, which enables these objects to connect and exchange data. Experts have also pointed out that blockchain could potentially address security risks to IoT as it provides a shield against data tampering by labeling each block of data.Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies were not backed by assets and posed risks such as money laundering. Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves.Q. Why has the Indian government not legalized cryptocurrencies according to the passage?a)Lack of technological facilities present for its implementation.b)Threat to national data security, which could harm all the citizens.c)The normal currency notes will lose its significance if cryptocurrency is introduced.d)Probability of money laundering as money was not backed by assets.Correct answer is option 'D'. Can you explain this answer?.

Solutions for A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cryptocurrency, JioCoin.In the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.The blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.The most popular application of the technology has undoubtedly been cryptocurrency. Reliance Jio also aspires to get into theInternet of Things (IoT). Blockchain technology would come in handy there too. IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles, connected to the internet, which enables these objects to connect and exchange data. Experts have also pointed out that blockchain could potentially address security risks to IoT as it provides a shield against data tampering by labeling each block of data.Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies were not backed by assets and posed risks such as money laundering. Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves.Q. Why has the Indian government not legalized cryptocurrencies according to the passage?a)Lack of technological facilities present for its implementation.b)Threat to national data security, which could harm all the citizens.c)The normal currency notes will lose its significance if cryptocurrency is introduced.d)Probability of money laundering as money was not backed by assets.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for SSC. Download more important topics, notes, lectures and mock test series for SSC Exam by signing up for free.

Here you can find the meaning of A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cryptocurrency, JioCoin.In the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.The blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.The most popular application of the technology has undoubtedly been cryptocurrency. Reliance Jio also aspires to get into theInternet of Things (IoT). Blockchain technology would come in handy there too. IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles, connected to the internet, which enables these objects to connect and exchange data. Experts have also pointed out that blockchain could potentially address security risks to IoT as it provides a shield against data tampering by labeling each block of data.Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies were not backed by assets and posed risks such as money laundering. Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves.Q. Why has the Indian government not legalized cryptocurrencies according to the passage?a)Lack of technological facilities present for its implementation.b)Threat to national data security, which could harm all the citizens.c)The normal currency notes will lose its significance if cryptocurrency is introduced.d)Probability of money laundering as money was not backed by assets.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cryptocurrency, JioCoin.In the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.The blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.The most popular application of the technology has undoubtedly been cryptocurrency. Reliance Jio also aspires to get into theInternet of Things (IoT). Blockchain technology would come in handy there too. IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles, connected to the internet, which enables these objects to connect and exchange data. Experts have also pointed out that blockchain could potentially address security risks to IoT as it provides a shield against data tampering by labeling each block of data.Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies were not backed by assets and posed risks such as money laundering. Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves.Q. Why has the Indian government not legalized cryptocurrencies according to the passage?a)Lack of technological facilities present for its implementation.b)Threat to national data security, which could harm all the citizens.c)The normal currency notes will lose its significance if cryptocurrency is introduced.d)Probability of money laundering as money was not backed by assets.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cryptocurrency, JioCoin.In the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.The blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.The most popular application of the technology has undoubtedly been cryptocurrency. Reliance Jio also aspires to get into theInternet of Things (IoT). Blockchain technology would come in handy there too. IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles, connected to the internet, which enables these objects to connect and exchange data. Experts have also pointed out that blockchain could potentially address security risks to IoT as it provides a shield against data tampering by labeling each block of data.Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies were not backed by assets and posed risks such as money laundering. Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves.Q. Why has the Indian government not legalized cryptocurrencies according to the passage?a)Lack of technological facilities present for its implementation.b)Threat to national data security, which could harm all the citizens.c)The normal currency notes will lose its significance if cryptocurrency is introduced.d)Probability of money laundering as money was not backed by assets.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cryptocurrency, JioCoin.In the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.The blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.The most popular application of the technology has undoubtedly been cryptocurrency. Reliance Jio also aspires to get into theInternet of Things (IoT). Blockchain technology would come in handy there too. IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles, connected to the internet, which enables these objects to connect and exchange data. Experts have also pointed out that blockchain could potentially address security risks to IoT as it provides a shield against data tampering by labeling each block of data.Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies were not backed by assets and posed risks such as money laundering. Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves.Q. Why has the Indian government not legalized cryptocurrencies according to the passage?a)Lack of technological facilities present for its implementation.b)Threat to national data security, which could harm all the citizens.c)The normal currency notes will lose its significance if cryptocurrency is introduced.d)Probability of money laundering as money was not backed by assets.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cryptocurrency, JioCoin.In the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.The blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.The most popular application of the technology has undoubtedly been cryptocurrency. Reliance Jio also aspires to get into theInternet of Things (IoT). Blockchain technology would come in handy there too. IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles, connected to the internet, which enables these objects to connect and exchange data. Experts have also pointed out that blockchain could potentially address security risks to IoT as it provides a shield against data tampering by labeling each block of data.Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies were not backed by assets and posed risks such as money laundering. Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves.Q. Why has the Indian government not legalized cryptocurrencies according to the passage?a)Lack of technological facilities present for its implementation.b)Threat to national data security, which could harm all the citizens.c)The normal currency notes will lose its significance if cryptocurrency is introduced.d)Probability of money laundering as money was not backed by assets.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice SSC tests.