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UPSC Civil ServicesPrelims2022General Studies Paper I
Question
QQ69. With reference to Non-Fungible Tokens (NFTs), consider the following statements : 1. They enable the digital representation of physical assets. 2. They are unique cryptographic tokens that exist on a blockchain. 3. They can be traded or exchanged at equivalency and therefore can be used as a medium of commercial transactions. Which of the statements given above are correct ?
Options
- A 1 and 2 only
- B 2 and 3 only
- C 1 and 3 only
- D 1, 2 and 3
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Correct Answer
A 1 and 2 only
Model Answer
Answer: option A, as per UPSC's final answer key (Series A).