Comprehension
YouTuber Nas Daily in one of his videos named him as the Most Generous Billionaire who wanted to donate all his wealth to charity. But ten months later, ‘[1]’ is no longer a billionaire. He is alleged to have caused massive losses worth $1 billion to investors. Known by his initials, he is the co-founder and former CEO of FTX, one of the biggest cryptocurrency exchange which has recently filed for bankruptcy in the US.
Once a billionaire with an estimated wealth of $26 billion at peak, according to Bloomberg estimates, [1] has seen his wealth been entirely wiped out. [1] studied physics at Massachusetts Institute of Technology (MIT) and traded currencies, futures and exchange-traded funds before moving to crypto trading, setting up [2] in 2017. 
[1] teamed up with Gary Wang, a former software engineer at Google and a fellow MIT graduate, to launch FTX in 2019. The company offered trading on crypto tokens and derivatives. At the start of 2022, investors valued FTX and its U.S. operations at $40 billion. [1] transferred $10 billion in customer funds to his hedge fund, [2] without publicly disclosing it, many say this become the reason for collapse of his empire. 
[Extracted, with edits and revisions, from “Who is [1], the co-founder of collapsed crypto firm FTX”, Hindustan Times]
Question: 1

Which person’s name has been replaced with ‘[1]’ in the passage above?

Updated On: Jul 14, 2026
  • Mike Novogratz
  • Brian Armstrong
  • Changpeng Zhao
  • Sam Bankman-Fried
Show Solution

The Correct Option is D

Solution and Explanation

Instead of matching each name to the whole biography at once, it helps to go clue by clue and rule people out as each new fact appears.

  1. Mike Novogratz: ruled out at the first clue, he is a hedge fund founder in crypto, not the co-founder and former CEO of FTX specifically.
  2. Brian Armstrong: ruled out because his exchange, Coinbase, did not file for bankruptcy and he was not accused of the fund transfer described.
  3. Changpeng Zhao: ruled out because he heads Binance, a rival exchange, and only contributed to FTX's downfall from the outside, he did not co-found or run FTX himself.
  4. Sam Bankman-Fried: survives every filter, MIT physics graduate, trader turned crypto entrepreneur, FTX co-founder with Gary Wang, CEO of the exchange, and the person accused of secretly moving $10 billion in customer money to his own fund.

Working through the clues one at a time in this way leaves only one name standing.

Therefore, the correct answer is Sam Bankman-Fried.

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Question: 2

Which hedge fund’s name has been replaced with ‘[2]’ in the passage above?

Updated On: Jul 14, 2026
  • BlackRock Advisors
  • Alameda Research
  • AQR Capital Management
  • Man Group
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The Correct Option is B

Solution and Explanation

The key is ownership: the passage is not asking about any large hedge fund, it is asking about the one hedge fund that belonged to the person named [1] himself.

  1. BlackRock Advisors: a major independent asset manager, but not owned or founded by [1].
  2. Alameda Research: founded by [1] in 2017 as his own trading firm, years before FTX, this is the fund the passage says received the undisclosed $10 billion transfer.
  3. AQR Capital Management: a separate quantitative fund with its own founders, not linked to [1].
  4. Man Group: a long-running, independently managed hedge fund with no tie to [1] or FTX.

Filtering for "founded by [1] himself" instead of just "a hedge fund" leaves only one option standing.

Therefore, the correct answer is Alameda Research.

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Question: 3

This person was once named “the world’s youngest self-made female billionaire” by Forbes magazine and is the founder of the company Theranos. What is the name of this person?

Updated On: Jul 14, 2026
  • Elizabeth Holmes
  • Eren Ozmen
  • Fan Hongwei
  • Diane Hendricks
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The Correct Option is A

Solution and Explanation

There are two facts to satisfy at once here, the company founded (Theranos) and the specific Forbes title (youngest self-made female billionaire), so the fastest route is to check which name is tied to Theranos first, then confirm the title.

  1. Elizabeth Holmes: the founder of Theranos, and the person Forbes did once describe with that exact "youngest self-made female billionaire" title before her fortune and company unravelled.
  2. Eren Ozmen: a billionaire in aerospace, not biotech, and not linked to Theranos.
  3. Fan Hongwei: a billionaire in petrochemicals, again with no Theranos connection.
  4. Diane Hendricks: a billionaire in building supplies, not a young founder and not linked to Theranos.

Since only one name is tied to Theranos at all, the second fact about the Forbes title only needs to be checked for her, and it matches.

Therefore, the correct answer is Elizabeth Holmes.

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Question: 4

The Reserve Bank of India recently announced the launch of ‘Digital Rupee — Wholesale Segment’, a form of which of the following?

Updated On: Jul 14, 2026
  • Digi Suvidha
  • Virtual Wallet
  • Central Bank Digital Currency
  • Cyber Rupee
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The Correct Option is C

Solution and Explanation

A quicker way in is to first fix what "Digital Rupee" means in RBI usage, then see which option is just another name for that same thing.

  1. Digi Suvidha: not a term the RBI uses for its digital currency, so this can be set aside immediately.
  2. Virtual Wallet: wallets hold money, they are not themselves a form of money, so this describes a payment tool, not what the Digital Rupee is.
  3. Central Bank Digital Currency: this is the formal, internationally used term for a digital currency issued directly by a central bank as legal tender, and the RBI's own communications describe the Digital Rupee this way, with the Wholesale Segment covering use between banks for settlement.
  4. Cyber Rupee: another invented-sounding label with no real backing as RBI terminology.

Once "Digital Rupee" is understood as central-bank-issued digital legal tender, only the term that matches that definition remains.

Therefore, the correct answer is Central Bank Digital Currency.

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Question: 5

Which of the following technologies does cryptocurrency rely on?

Updated On: Jul 14, 2026
  • Cryptography
  • Blockchain
  • Spectrography
  • Both (A) and (B)
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The Correct Option is D

Solution and Explanation

It helps to ask what job each technology actually does inside a cryptocurrency system, rather than treating them as competing answers.

  1. Cryptography: handles security, generating key pairs, signing transactions, and stopping anyone from spending coins they do not own.
  2. Blockchain: handles record-keeping, a shared ledger spread across many computers so no single party controls or can quietly alter the transaction history.
  3. Spectrography: belongs to physical sciences, not computing or finance, and plays no part in either job above.
  4. Both (A) and (B): since security and record-keeping are two separate jobs and a cryptocurrency needs both done at once, cryptography alone or blockchain alone would leave a gap.

Because the two real technologies cover two different, both necessary, functions, the answer has to include both rather than picking one.

Therefore, the correct answer is Both (A) and (B).

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Question: 6

What is the name of the Government of India-owned corporation that mints coins used as legal tender in India?

Updated On: Jul 14, 2026
  • National Institute of Financial Management
  • Security Printing and Minting Corporation of India Ltd.
  • India Infrastructure Finance Company Ltd.
  • National Bank of Agricultural and Rural Development
Show Solution

The Correct Option is B

Solution and Explanation

The fastest way to answer this is to sort the four bodies by what sector they actually work in, since only one of them touches physical currency production at all.

  1. National Institute of Financial Management: an education and training body, not a producer of anything physical.
  2. Security Printing and Minting Corporation of India Ltd.: the only one of the four whose actual work is manufacturing, it operates the mints and presses that produce India's coins and notes.
  3. India Infrastructure Finance Company Ltd.: a lending institution for infrastructure, dealing in loans, not coins.
  4. National Bank of Agricultural and Rural Development: a development bank for agriculture and rural credit, also a lender, not a manufacturer.

Three of the four options are finance or lending bodies, leaving the one manufacturing corporation as the clear match for "mints coins."

Therefore, the correct answer is Security Printing and Minting Corporation of India Ltd.

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Question: 7

Who was the founder and former chairman of Satyam Computer Services Ltd.,and was sentenced to prison and fined for a corporate governance scam?

Updated On: Jul 14, 2026
  • Harshad Mehta
  • Ketan Parekh
  • B. Ramalinga Raju
  • Nirav Modi
Show Solution

The Correct Option is C

Solution and Explanation

Each of the four names is tied to a distinct, well known Indian financial scandal, so matching the company name in the question to the right scandal settles it.

  1. Harshad Mehta: tied to the 1992 stock market scam, not Satyam.
  2. Ketan Parekh: tied to a separate early-2000s stock manipulation case, not Satyam.
  3. B. Ramalinga Raju: tied directly to Satyam, he founded the company, chaired it, and confessed to years of falsified accounts.
  4. Nirav Modi: tied to the PNB banking fraud case, not Satyam.

Since the question names Satyam specifically, and only one of the four men has any link to that company at all, the match is immediate.

Therefore, the correct answer is B. Ramalinga Raju.

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Top Questions on Science and Technology

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Passage (extract): The work which Gandhiji had taken up was not only regarding the achievement of political freedom but also the establishment of a new social order based on truth and non-violence, unity and peace, equality and universal brotherhood and maximum freedom for all. A new order cannot be established without radically changing the mind and attitude of men towards property and, at some stage or the other, the 'haves' have to yield place to the 'have-nots'. We have seen, in our time, attempts to achieve a kind of egalitarian society and the picture of it after it was achieved. But this was done, by and large, through the use of physical force. It may even be that, like a gas kept confined within containers under great pressure, or water held back by a big dam, once the barrier breaks, the reaction will one day sweep back with a violence equal in extent and intensity to what was used to establish and maintain the outward egalitarian form. This enforced egalitarianism contains, in its bosom, the seed of its own destruction. If egalitarianism is to endure, it has to be based not on the possession of the maximum material goods by a few or by all but on voluntary, enlightened renunciation of those goods which cannot be shared by others or can be enjoyed only at the expense of others.

According to the passage, egalitarianism will not survive if
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According to the passage, which was the unfinished part of Gandhi's experiment?
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Passage (extract): In the political struggle, the fight was against a foreign power and all one could do was either join it or wish it success and give it his/her moral support. Experience shows that man values his possessions even more than his life because in the former he sees the means for perpetuation and survival of his descendants even after his body is reduced to ashes. We have seen, in our time, attempts to achieve a kind of egalitarian society and the picture of it after it was achieved. But this was done, by and large, through the use of physical force. This enforced egalitarianism contains, in its bosom, the seed of its own destruction. The root cause of class conflict is possessiveness or the acquisitive instinct.

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