NFT Knowledge 1

Question 1

NFT makes use of blockchain technology.

Accepted Answer

True

Answer

False

Question 2

NFTs are used in which of the following industries?

Accepted Answer

Both

Answer

Art

Answer

Entertainment

Question 3

What does the phrase "minting an NFT" mean?

Accepted Answer

Creating an NFT

Answer

An NFT being sold

Answer

NFT investment

Answer

Making an NFT transfer

Question 4

NFTs may be purchased in India.

Accepted Answer

True, any Indian may purchase NFTs.

Answer

No, they're forbidden.

Question 5

Polygon Blockchain can be used to create NFTs for free.

Accepted Answer

True

Answer

False

Question 6

What exactly is the NFT marketplace?

Accepted Answer

Platform for buying, selling, and creating NFTs

Answer

Platform for purchasing cryptocurrencies

Question 7

In November 2025, which of the following Bollywood actors recently released his own collection of NFTs?

Accepted Answer

Amitabh Bachchan

Answer

Shahrukh Khan

Answer

Akshay Kumar

Answer

Hrithik Roshan

Answer

None of the options are correct