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CA Final Accounting and Technology: RPA, Cloud, ERP, Cybersecurity, Blockchain and AI — practice questions — page 2

Explore 50 free Accounting and Technology: RPA, Cloud, ERP, Cybersecurity, Blockchain and AI questions in CA Final Financialreporting. Open each question or exercise to read its content, reference answers and available explanation.

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Accounting and Technology: RPA, Cloud, ERP, Cybersecurity, Blockchain and AI questions and exercises with answers

Showing questions 31–50 of 50.

Which problem did bitcoin's blockchain solve without a trusted authority?Read the answer and worked solution →Which blockchain type has no access restrictions?Read the answer and worked solution →Which blockchain is permissioned and invitation only?Read the answer and worked solution →Which blockchain is jointly run by a group of organizations?Read the answer and worked solution →A smart contract on a blockchain removes the need for what?Read the answer and worked solution →One main objective of blockchain smart contracts is what?Read the answer and worked solution →Why is altering an old blockchain block so hard?Read the answer and worked solution →Which two consensus mechanisms are named for blockchains?Read the answer and worked solution →Blockchains are typically managed by what kind of network?Read the answer and worked solution →Who set five essential cloud characteristics in 2011?Read the answer and worked solution →Provisioning server time without provider staff is called what?Read the answer and worked solution →Serving many consumers from shared resources is which cloud trait?Read the answer and worked solution →Metering resource use so it can be reported is which cloud trait?Read the answer and worked solution →Which cloud model gives users access to provider-run applications?Read the answer and worked solution →In IaaS, who controls operating systems and deployed applications?Read the answer and worked solution →Which cloud model offers developers a ready computing platform?Read the answer and worked solution →A cloud run solely for one organization is which model?Read the answer and worked solution →A public cloud bound with a private environment is what?Read the answer and worked solution →Shifting from a private to a public cloud at peak demand is called?Read the answer and worked solution →Which cloud is shared by organizations with common concerns?Read the answer and worked solution →

Worked practice questions

Which problem did bitcoin's blockchain solve without a trusted authority?

  1. Currency devaluation
  2. Interest rate setting
  3. Transaction taxation
  4. Double-spending
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Correct answer: D. Double-spending

Bitcoin was the first digital currency to stop the same coin being spent twice without any central server.

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Which blockchain type has no access restrictions?

  1. Consortium blockchain
  2. Hybrid blockchain
  3. Public blockchain
  4. Private blockchain
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Correct answer: C. Public blockchain

Anyone with an Internet connection can send transactions to a public blockchain and even become a validator.

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Which blockchain is permissioned and invitation only?

  1. Public blockchain
  2. Open validator chain
  3. Private blockchain
  4. Permissionless chain
Show answer and solution

Correct answer: C. Private blockchain

A private blockchain restricts participants and validators, so one cannot join unless invited by the administrators.

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More Financialreporting topics

Ind AS 116 LeasesInd AS 36 Impairment of Assets and Ind AS 38 Intangible AssetsInd AS 24 Related Party Disclosures and Ind AS 108 Operating SegmentsInd AS 1 Presentation of Financial StatementsInd AS 12 Income TaxesInd AS 113 Fair Value MeasurementInd AS 109 Financial InstrumentsInd AS 23 Borrowing Costs and Ind AS 40 Investment Property