Cryptocurrency Question in IAS Competitive Exam - #indiaunited Writing Contest (Rewards : 10HBD + Ecency Points)

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(Edited)

Contest Details at Bottom.

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image source : canva editted template

Amidist all the rumors of crypto regulation and acceptability in Indian economy. Crypto related question has started featuring in India's prominent examination. In todays UPSC IAS MAINS EXAM 2021, the GENERAL STUDIES subject have a question related with crypto currency.

What is Cryptocurrency? How does it affect global society? Has it been affecting Indian society also?

Here is the snapshot of the question paper and the sourced link mentioned to check the authenticity of the question.

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In this 15 marks question candidates are supposed to answer the question in 250 words. Not sure how many candidates would be answering this question but for sure, it again put the crypto into limelight.

Giving a little background about UPSC-IAS..

Union Public Service Commision (UPSC) exam are considered to be one of the toughest exam to Crack. The exam is conducted by the central agency to choose the suitable candidate for the CIVIL Services in India. Indian Adminsitrative Service (IAS) is one of the prestigious services in Government of India. It has two rounds of paper Prelims & Mains followed by personal interview.

And this question festured in today's MAINS examination paper.

This is certainly a big deal. Question related to crypto topic is very exciting. At least we can say Cryptocurrency started to gain some attention and soon get some momentum too.

Posting this question into #Hive, I thought to make it a little writing contest for all.

I would love to put up a challenge to all communities / user on hive to answer this question and earn big rewards.

Terms & Condition

  • Contest open to all Hive users.

  • Write answer in 250 or more words.

  • 250 words must adhere to answering the topic. Unrelated words were not counted

  • Write answer in @leofinance community.

  • Make use of #iucontest as first hashtag.

  • Mention this contest post link in your content.

  • For Contest entry, please add your post link into comment section below.

  • Avoid Plagiarism.

  • The third part of question you can make your own country specific.

What is Cryptocurrency? How does it affect global society? Has it been affecting Indian society also?

Rewards 10 HBD + Ecency Points

I started the contest with 5 HBD from my pocket , but @bhattg jumps in and contributed 5 HBD more. Total 10 HBD

@bhattg also sponsoring 100 ecency points from his pockets to every contestant.

The reward will be be distributed as 50:30:20 to top 3 entry.

Donation

We are open to accept Donation for the contest. Any contribution to increase the contest reward pool would be highly appreciated.

Please comments on this post with your contribution amount. It will added in the reward pool.

Contest Timeline

Till the post payout.

Contest Judges:

Big hand to #Bhattg for handling the additional judge responsibility alongside me.

Crack the question at your best. We all are good masters in writing Crypto content. So why not putting your best thought to answer this competitive question.

Peace !!

Namaste @steemflow

Posted using LeoFinance Mobile



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20 comments
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Good initiative! I think I was also participate :D
More so to just check on my understanding as to how I would answer this question in 250 words.
The exposure is definitely increasing. 🌟

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Looking forward to it.....you can increase the word limit if you want 😉 but not less...

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So my friend, are you the one who attended UPSC exams? If so, I wish you all the best.

Regarding the contest, it's nice to see the Government is also curious to include question(s) about Cryptos.

Let's hope the upcoming budget will have something to approve (or atleast disapprove) the Cryptos via some regulation.

Good Night :)

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I wish to get your thoughts on the question.....BTW I am a bit older to take part in the exam...it was my nephew wo attempted the paper and then ask me...about the topic

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I will come up with one, Thank you.
Best wishes to your nephew :)

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Trying to regulate cryptocurrencies seems like a mistake since they were created to allow us the freedom to use them at any time and without restrictions of any kind. Here in Venezuela the national government tried to control it but finally they decided not to, I don't know what the reality of their country (India) will be.

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(Edited)

As far as I can see it, they going to put some taxation....regulating or putting a restriction is not possible...as there are already millions of amount invested by many people....hopefully we will get clarity by end of March.

BTW...it would be I tethering to see Venezuelan perspective on the co test...hope you make an entry with some more insight on this topic.

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of course I will look for information and make my entry

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Muy interesante este concurso, a su vez retador, me gustaría que @eleazarvo se uniera a participar y así seguir aprendiendo

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