UPSC Prelims GS - 2022

Question 69
MEDIUMCorrect: +2Incorrect: -2

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?

    a
    1 and 2 only
    b
    2 and 3 only
    c
    1 and 3 only
    d
    1, 2 and 3