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Money and Types of Money · UPSC CDS/OTA · Question 24 of 90

Money and Types of Money: Q₂₄. Bitcoin is best classified as

Step-by-step solution. Money and Types of Money for UPSC CDS/OTA.

Topic
Money and Types of Money
Subject
General Studies
Difficulty
Medium
Solve Time
45-60 sec

Solved UPSC CDS/OTA Question

A solved UPSC CDS/OTA PYQ - decoded step-by-step.

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Q · Money and Types of MoneyMedium · 45s

Q₂₄. Bitcoin is best classified as:

TopicMoney and Types of Money
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min

Step-by-Step Solution

The complete worked solution.

Every step explained - no skipped algebra.

Bitcoin is a decentralized digital currency (cryptocurrency).

Final Answer: Option C - Cryptocurrency
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Q₂₄. Bitcoin is best classified as - Money and Types of Money (General Studies) Solved Question