What will happen to the program if exit() is executed? It will return to the beginning of a loop.
It will remove an item from a list.
It will delete the value of a variable.
It will stop executing the code.

It will stop executing the code.

Explanation:

Not every language has an exit() command, but:

The most common keyword for returning to the beginning of a loop is continue.

Removing an element from a list is usually called del, delete, erase or such. Never have I seen it as "exit."

Deleting a variable is similarily done using del, delete, sometimes free, never have I seen "exit."

exit() is used in C/C++ as the command that instantly terminates the program (as opposed to return which exits from the current function. In Python, sys.exit() exists with the same purpose. I'd say it's a safe answer.