[Mission 2024] QUED ( Questions from Editorials ) 24 August 2023

Solution: c)

The Reserve Bank of India’s plan to establish a ‘Public Tech Platform for Frictionless Credit’ is a well-intentioned move that is aimed at easing the flow of credit, especially to small and marginal borrowers. Announced as part of the Statement on Developmental and Regulatory Policies that accompanied the latest monetary policy, earlier this month, the platform is intended to serve as a one-stop digital clearing house for credit-related information, which should help accelerate the loan approval and disbursal process significantly. Developed by the Reserve Bank Innovation Hub, the platform will feature open architecture, open Application Programming Interfaces (APIs) and standards that would facilitate the seamless flow of required digital information from varied entities including State and central governments, credit information companies and digital identity authorities to lenders.

Lenders would be able to access data on the borrowers and credit-related services from agencies including Aadhaar e-KYC.

Source

Solution: c)

“Angel investor” means any person who proposes to invest in an angel fund and satisfies one of the following conditions, namely,

(a) an individual investor who has net tangible assets of at least two crore rupees excluding value of his principal residence, and who:

(i) has early stage investment experience, or

(ii) has experience as a serial entrepreneur, or

(iii) is a senior management professional with at least ten years of experience;

(‘Early stage investment experience’ shall mean prior experience in investing in start-up or emerging or early-stage ventures and ‘serial entrepreneur’ shall mean a person who has promoted or co-promoted more than one start-up venture.)

Solution: c)

Statement 4 is incorrect.

Carbon sinks are natural systems that suck up and store carbon dioxide from the atmosphere. The Earth’s land and oceans absorb about half of all carbon dioxide emissions from human activities.

Mangroves, seagrass beds and salt marshes store at least ten times more carbon than continental forests.

Sedimentary rocks in the Earth’s crust contain loads of carbon compounds, including the hydrocarbons we use as fossil fuels that leads to excess carbon dioxide in our atmosphere.

A forest is considered a carbon sink if it absorbs more carbon than it releases. Worryingly, the Amazon rainforest is now releasing instead of absorbing carbon dioxide.

Solution: b)

Statement 2 is incorrect.

Pradhan Mantri Gramin Digital Saksharta Abhiyan (PMGDISHA) aim to provide digital literacy in rural India.

MeitY and NASSCOM have jointly conceived a programme titled “FutureSkills PRIME (Programme for Re-skilling/Up-skilling of IT Manpower for Employability)”. The Programme is envisaged to provide re-skilling/ up-skilling opportunities for B2C beneficiaries in 10 emerging technologies viz. Internet of Things, Big Data Analytics, Artificial Intelligence, Robotic Process Automation, Additive Manufacturing/ 3D Printing, Cloud Computing, Social & Mobile, Cyber Security, Augmented Reality/Virtual Reality, and Blockchain.

MeitY is the nodal ministry for E-Government Development Index (EGDI) along with two-line Ministries/ Departments viz. Department of Higher Education and Department of School Education and Literacy (DHE and DoSEL). The EGDI is a composite measure of three important dimensions of e-government, namely: Online Service Index, Telecommunication Infrastructure Index and the Human Capital Index.

Solution: a)

A bacteriophage is a type of virus that infects bacteria. In fact, the word “bacteriophage” literally means “bacteria eater,” because bacteriophages destroy their host cells. All bacteriophages are composed of a nucleic acid molecule that is surrounded by a protein structure. In other words, they are comprised of a protein capsule around an RNA or DNA genome.