New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Directions: Sentences of a paragraph are given below in

    jumbled order. Arrange the sentences in the correct order to form a meaningful and coherent paragraph. A: E-currency refers to digital or virtual currencies that are used for online transactions B: Unlike physical currency, e-currencies exist solely in electronic form and are not issued by any central authority C: Cryptocurrencies like Bitcoin and Ethereum are examples of e-currencies D: They offer the potential for faster, borderless transactions and increased financial inclusion E: However, they also raise concerns about regulatory oversight, security, and potential misuse
    A CEABD Correct Answer Incorrect Answer
    B ABCDE Correct Answer Incorrect Answer
    C BACED Correct Answer Incorrect Answer
    D ECADB Correct Answer Incorrect Answer
    E DEACB Correct Answer Incorrect Answer

    Solution

    A: E-currency refers to digital or virtual currencies that are used for online transactions: This sentence introduces the topic of e-currency and provides a basic definition of what it is. B: Unlike physical currency, e-currencies exist solely in electronic form and are not issued by any central authority: This sentence contrasts e-currencies with physical currency, explaining that e-currencies are digital and don't have a central issuing authority like traditional currencies. C: Cryptocurrencies like Bitcoin and Ethereum are examples of e-currencies: This sentence provides specific examples of e-currencies by mentioning Bitcoin and Ethereum. D: They offer the potential for faster, borderless transactions and increased financial inclusion: This sentence elaborates on the advantages of e-currencies, highlighting their benefits such as faster transactions and increased accessibility to financial services. E: However, they also raise concerns about regulatory oversight, security, and potential misuse: This sentence presents the other side of the equation by mentioning the concerns associated with e-currencies, including regulatory challenges, security issues, and potential misuse for illegal activities.

    Practice Next

    Relevant for Exams: