Quiz: How Well Can You Ace Robinhood & AVAX Knowledge? Test Yourself Now!

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| By Smriti Singh

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Quizzes Created: 752 | Total Attempts: 572,151

Questions: 10 | Attempts: 78 | Updated: Aug 11, 2023

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Quiz: How Well Can You ACE Robinhood & Avax Knowledge? Test Yourself Now! - Quiz

Challenge your understanding of Robinhood and AVAX with this engaging quiz! Delve into the world of financial trading and blockchain technology as you answer questions about Robinhood's services and AVAX's blockchain platform.

Test your knowledge on topics like native tokens, controversies, programming languages, and more. Put your expertise to the test and discover how much you truly know about these fascinating subjects.

Are you ready to showcase your Robinhood and AVAX wisdom? Take the quiz now and see how well you can conquer the Robinhood AVAX knowledge challenge! Feel free to share the quiz with your friends and see how well they Read moreare acquainted with Robinhood & AVAX !

Questions and Answers

1.

What is Robinhood known for?
- A.
  
  Bird-watching
- B.
  
  Financial trading app
- C.
  
  Online gaming
- D.
  
  Health insurance provider
Correct Answer
B. Financial trading app

Explanation
Robinhood gained popularity as a financial trading app that allows users to invest in stocks, options, and cryptocurrencies without paying traditional trading fees.

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2.

AVAX is the native token of which blockchain platform?
- A.
  
  Ethereum
- B.
  
  Binance Smart Chain
- C.
  
  Avalanche
- D.
  
  Solana
Correct Answer
C. Avalanche

Explanation
AVAX is the native token of the Avalanche blockchain platform, which focuses on high-throughput and scalability, making it suitable for decentralized applications and custom blockchain networks.

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3.

Which industry does Robinhood primarily operate in?
- A.
  
  E-commerce
- B.
  
  Cryptocurrency mining
- C.
  
  Social media
- D.
  
  Financial services
Correct Answer
D. Financial services

Explanation
Robinhood primarily operates in the financial services industry, offering commission-free trading and investment opportunities to individuals.

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4.

What is the full name of the cryptocurrency often referred to as "AVAX"?
- A.
  
  Avalanche Coin
- B.
  
  Avalanche Token
- C.
  
  Avalon
- D.
  
  Avalanche
Correct Answer
D. Avalanche

Explanation
The cryptocurrency often referred to as "AVAX" is actually called "Avalanche," which is the native cryptocurrency of the Avalanche platform.

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5.

Robinhood faced controversy in 2021 regarding the trading of which type of securities?
- A.
  
  Stocks
- B.
  
  Cryptocurrencies
- C.
  
  Commodities
- D.
  
  Bonds
Correct Answer
A. Stocks

Explanation
Robinhood faced controversy in 2021 due to its decision to restrict trading of certain stocks, which caused backlash and debates about retail investors' access to the stock market.

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6.

Which programming language is used to develop smart contracts on the Avalanche platform?
- A.
  
  Solidity
- B.
  
  Python
- C.
  
  Rust
- D.
  
  JavaScript
Correct Answer
A. Solidity

Explanation
The Solidity programming language, commonly associated with Ethereum, is used to develop smart contracts on the Avalanche platform, enabling the creation of decentralized applications.

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7.

In which year was Robinhood founded?
- A.
  
  2005
- B.
  
  2013
- C.
  
  2017
- D.
  
  2020
Correct Answer
B. 2013

Explanation
Robinhood was founded in 2013 as a platform aiming to democratize finance by offering commission-free trading and investment services.

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8.

What is the primary goal of the Avalanche platform?
- A.
  
  Decentralized social networking
- B.
  
  Decentralized cloud storage
- C.
  
  Scalable blockchain consensus
- D.
  
  Decentralized e-commerce
Correct Answer
C. Scalable blockchain consensus

Explanation
The primary goal of the Avalanche platform is to provide a scalable and efficient consensus mechanism for blockchain networks, enabling high throughput and quick confirmation times.

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9.

Robinhood offers commission-free trading in which financial markets?
- A.
  
  Forex
- B.
  
  Cryptocurrencies only
- C.
  
  Stocks, options, and cryptocurrencies
- D.
  
  Commodities
Correct Answer
C. Stocks, options, and cryptocurrencies

Explanation
Robinhood offers commission-free trading in various financial markets, including stocks, options, and cryptocurrencies, making investing more accessible to a broader audience.

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10.

What technology consensus protocol does Avalanche (AVAX) utilize?
- A.
  
  Proof of Work (PoW)
- B.
  
  Proof of Stake (PoS)
- C.
  
  Delegated Proof of Stake (DPoS)
- D.
  
  Avalanche consensus
Correct Answer
D. Avalanche consensus

Explanation
The Avalanche platform utilizes the Avalanche consensus protocol, which is a novel approach to achieving consensus in a decentralized network through a combination of a consensus mechanism and network structure.

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Current Version
Aug 11, 2023

Quiz Edited by
ProProfs Editorial Team
Aug 10, 2023

Quiz Created by
Smriti Singh

Quiz: How Well Can You Ace Robinhood & AVAX Knowledge? Test Yourself Now!

What is Robinhood known for?

AVAX is the native token of which blockchain platform?

Which industry does Robinhood primarily operate in?

What is the full name of the cryptocurrency often referred to as "AVAX"?

Robinhood faced controversy in 2021 regarding the trading of which type of securities?

Which programming language is used to develop smart contracts on the Avalanche platform?

In which year was Robinhood founded?

What is the primary goal of the Avalanche platform?

Robinhood offers commission-free trading in which financial markets?

What technology consensus protocol does Avalanche (AVAX) utilize?