1. India recently inaugurated the “National Centre for Quantum Computing Applications” (NCQCA). What is its primary objective?
A. To develop advanced quantum encryption protocols for military use.
B. To foster research and development in quantum computing for civilian applications and industry.
C. To establish India’s first quantum satellite communication network.
D. To train a workforce exclusively for quantum algorithm development in defense.
Correct answer: B
Notes: The inauguration of the National Centre for Quantum Computing Applications (NCQCA) marks a significant leap in India’s strategic push towards becoming a global leader in quantum technologies. Its primary objective extends beyond niche military applications, focusing broadly on fostering cutting-edge research and development in quantum computing. NCQCA aims to bridge the gap between academic research and industrial implementation, exploring civilian applications across sectors like healthcare, finance, logistics, and materials science. By promoting collaboration between academia, industry, and government, the centre is expected to accelerate the development of indigenous quantum hardware and software, cultivating a robust ecosystem and skilled talent pool for future economic and scientific advancements in India.
2. Which international organization recently adopted the “Global Framework for Digital Currency Regulation” aimed at standardizing cross-border digital transactions?
A. World Economic Forum (WEF)
B. Group of Seven (G7)
C. International Monetary Fund (IMF)
D. Financial Stability Board (FSB)
Correct answer: D
Notes: The Financial Stability Board (FSB) recently adopted the “Global Framework for Digital Currency Regulation” to establish consistent and comprehensive international standards. This initiative is crucial given the rapid evolution and adoption of various forms of digital currencies, including stablecoins and central bank digital currencies (CBDCs), which pose both opportunities and systemic risks. The framework aims to ensure financial stability, protect consumers and investors, and prevent illicit financing activities across jurisdictions. By providing a common set of regulatory principles, the FSB seeks to enhance interoperability and reduce fragmentation in the global digital asset ecosystem, thereby facilitating safer and more efficient cross-border digital transactions while mitigating regulatory arbitrage.
3. The Indian government has launched “Project Sagarika” across its coastal states. What is the main focus of this new initiative?
A. To enhance deep-sea fishing capabilities and expand India’s marine export market.
B. To develop new port infrastructure for increased maritime trade with Southeast Asian nations.
C. To implement comprehensive coastal ecosystem restoration and sustainable blue economy practices.
D. To establish advanced naval surveillance systems along the Indian coastline.
Correct answer: C
Notes: “Project Sagarika” is a landmark initiative by the Indian government aimed at addressing the multifaceted challenges facing India’s extensive coastline and marine ecosystems. Its main focus is on holistic coastal ecosystem restoration, including mangroves, coral reefs, and coastal wetlands, crucial for biodiversity and climate resilience. Simultaneously, it promotes sustainable blue economy practices by integrating local communities into conservation efforts and developing environmentally friendly livelihoods such as sustainable aquaculture and eco-tourism. This project emphasizes a balanced approach to economic development and environmental protection, ensuring the long-term health of marine resources and the well-being of coastal populations through collaborative governance and scientific innovation.
4. The Reserve Bank of India (RBI) recently introduced a new policy framework, “Gati Shakti – FinTech Accelerator Program”. What is its core objective?
A. To regulate and control the growth of all private FinTech companies in India.
B. To promote innovation and accelerate the development of FinTech solutions in rural banking and financial inclusion.
C. To establish a government-owned FinTech company to compete with private players.
D. To provide exclusive funding for FinTech startups focusing solely on cryptocurrency trading platforms.
Correct answer: B
Notes: The “Gati Shakti – FinTech Accelerator Program,” launched by the Reserve Bank of India (RBI), signifies a proactive approach to leveraging technology for financial sector growth, particularly in underserved areas. Its core objective is to promote innovation and significantly accelerate the development and adoption of FinTech solutions, specifically targeting rural banking and enhancing financial inclusion across India. This initiative aims to foster a dynamic ecosystem where FinTech startups and innovators can collaborate with existing financial institutions to create accessible, affordable, and efficient financial services for a broader population, thereby driving economic empowerment and digital transformation at the grassroots level, aligning with broader national development goals.
5. India recently successfully conducted the maiden flight test of its indigenously developed “Prabal” Hypersonic Glide Vehicle (HGV). What is a key characteristic of HGVs?
A. They operate exclusively in low Earth orbit, deploying satellite payloads.
B. They travel at speeds exceeding Mach 5, maintaining maneuverability in the atmosphere.
C. They are designed for underwater clandestine operations, evading radar detection.
D. They are primarily used for intercontinental ballistic missile defense systems.
Correct answer: B
Notes: The successful maiden flight test of India’s “Prabal” Hypersonic Glide Vehicle (HGV) marks a significant advancement in the nation’s strategic defense capabilities. A key characteristic of Hypersonic Glide Vehicles is their ability to travel at speeds exceeding Mach 5 (five times the speed of sound) while maintaining exceptional maneuverability within the Earth’s atmosphere. Unlike traditional ballistic missiles that follow predictable trajectories, HGVs can change direction and altitude mid-flight, making them extremely challenging for current missile defense systems to intercept. This technological leap provides India with a formidable deterrent, enhancing its aerospace prowess and ensuring a robust response capability in an evolving global security landscape.
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