Daily Current Affairs MCQ- February 27, 2024 - UPSC MCQ

Recently, the union Minister of State for Electronics and IT, Skill Development and Entrepreneurship launched ‘Investor Information and Analytics Platform.

• It acts as a one-stop shop for startups to seamlessly access Venture Capitalists (VCs) and investors networks, Govt schemes and several other components of the startup landscape for all stakeholders.
• By integrating information at different levels, the platform is also a one-stop shop for entrepreneurs to search for information on government agencies, incubators, investors, VCs and banks that invest in startups.
• This platform has been developed by the Researchers at the Centre for Research on Start-ups and Risk Financing (CREST) of IIT Madras.
• It will significantly help startup founders, entrepreneurs and Young Indians who intend to build their own devices, services and platforms for India and for the world.
• An important feature of this unique platform is “StartupGPT” which is an AI-based conversational platform whose function is to help ease information access for those who are navigating exhaustive data.
• A user will be able to ask queries in simple language to access information they seek in real time.
• For sustainability of the platform, full access will be provided at a very nominal cost so that maximum entrepreneurs can benefit from this resource.

Hence only statement 2 is correct.

The government of India has formed an expert committee headed by Finance Secretary T V Somanathan to make its recommendations to bring out uniform Know Your Customer (KYC) norms.

• It is a comprehensive process that financial and non-financial institutions follow to verify the authenticity and identity of their customers.
• The KYC process is mandatory for every customer before investing in any instruments or starting a bank account. 
• In India at present, separate KYCs are needed for different financial products such as opening a bank account, investing in mutual funds, buying a life cover or investing in retirement-savings funds.
• Multiple KYCs, regular updates and even the exact specifications often prove to be a deterrent for new investors.
• To eliminate the need to do repeated KYC for investing across financial assets central government launched Central KYC Records Registry.
• What is Central KYC Records Registry?
• It was launched by the central government of India in 2016.
• It has been limited only to the capital markets.
• In fact, while dealing in securities markets, once KYC is done through a Securities and Exchange Board of India (Sebi) registered intermediary such as a broker, depository participant or mutual fund, customers do not have to undergo the same process again for fresh investments.
• The government authorised the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) to perform the functions of the CKYCR.
• This centralised registry receives, stores, safeguards and retrieves the KYC records of a customer in a digitally secure electronic format.
• Customers have to submit their KYC details only once with any of the reporting entities of the Reserve Bank of India, Sebi, Insurance Regulatory and Development Authority of India, Pension Fund Regulatory and Development Authority at the time of opening an account.
• Once the information is registered, customers will receive a 14-digit KYC Identification Number that can be used at any financial institution registered with CERSAI.
• Financial institutions can access the CKYCR database to retrieve the KYC records of customers while onboarding them.
• In case of any changes in the details of a customer, the reporting entity will initiate a centralised KYC (CKYC) update after taking the latest KYC record of the customer.

Hence both statements are correct.

Recently, the Centre for Development of Telematics (C-DOT), the premier Telecom R&D centre of the Government of India, strikes a hat-trick by securing top position in three awards at 14th Annual Aegis Graham Bell Awards.

• It was initiated in 2010 by the Aegis School of Data Science.
• It is a tribute to the father of the telephony and great innovator, Alexander Graham Bell. 
• The Aegis School of Business, Data Science and Cyber Security has initiated this award to promote innovations and recognise the outstanding contributions by  innovators in various fields including education, Information and Communications Technology (ICT), Artificial Intelligence (AI) and data science.
• This award in India is supported by the Ministry of electronics and information technology (MeitY), Skill India and National Informatics Centre.
• Following are the projects of C-DOT which received this award
• ASTR Project: ASTR (AI & Facial Recognition-powered Solution for Telecom SIM Subscriber Verification) is a game-changer in the fight against cyber crimes.
• Designed to analyze, identify, and eliminate fake/forged mobile connections, it's a crucial step towards ensuring a secure telecom environment.
• CEIR (Central Equipment Identity Register) solution: CEIR helps in revolutionizing mobile security by detecting clone IMEIs, restricting import of counterfeit mobile devices and also enabling the blocking and tracing of lost or stolen phones.
• Quantum Key Distribution (QKD) product: India employs quantum mechanics to create an unbreakable cryptographic protocol even with Quantum computers.

Hence only statement 1 is correct.

The Reserve Bank of India has asked the National Payment Council of India to examine the request of One97 Communications, which owns Paytm, to become a Third-Party Application Provider for continued Unified Payments Interface operation of the Paytm application.

• It is an entity that provides the UPI compliant app(s) to the end-user customers to facilitate UPI-based payment transactions.
• These applications could be mobile wallets, merchant apps, or any other platform that utilises UPI for payments.
• NPCI, the umbrella organisation for operating retail payments and settlement systems in India, owns and operates the UPI platform.
• Working of TPAPs
• TPAPs leverage the UPI infrastructure provided by NPCI and work with payment service providers (PSPs) and banks to facilitate transactions.
• They are responsible for ensuring that their applications adhere to security standards and compliance guidelines set by NPCI.
• As per the current regulations, payment service providers (PSPs) need to obtain a TPAP license from NPCI to run UPI services and facilitate merchant transactions through partner banks.
• Currently, there are 22 NPCI-approved 3rd party Unified Payments Interface (UPI) apps that can be used to send and receive money from other UPI users by using UPI IDs.
• They include Amazon Pay, Google Pay, Groww, Jupiter Money, Mobikwik, Phonepe, Samsung Pay, TataNeu and Whatsapp.

Hence both statements are correct.

A recent study looked at the impact of stratospheric aerosol intervention (SAI) in mitigating global warming effects in West Asia (also known as Middle East) and North Africa (MENA).

About Stratospheric Aerosol Intervention (SAI):

• Stratospheric Aerosol Intervention (SAI), also known as Stratospheric Aerosol Injection, is a geoengineering or climate engineering approach that uses tiny reflective particles or aerosols to reflect sunlight into space in order to cool the planet and reverse or stop global warming.
• It aims to mimic the cooling effects of volcanic eruptions by injecting sulfur dioxide (SO2) directly into the stratosphere, where it forms sunlight-reflecting sulfate aerosols. 
• The 1991 eruption of Mount Pinatubo in the Philippines, often cited as the inspiration for this concept, deposited massive amounts of particulate matter and sulfur dioxide (SO2) into the atmosphere.
• This aerosol layer was reported to have lowered average temperatures around the world by about 0.5 °C (0.9 °F) over the following few years. 
• It is believed that as more radiation is scattered in the stratosphere by aerosols, less would be absorbed by the troposphere, the lower level of the atmosphere where weather primarily occurs.
• The production of such an artificial aerosol layer could be accomplished by shooting sulfur particles into the stratosphere with cannons or dispersing them from balloons or other aircraft.

Hence option c is the correct answer.

Hyderabad based Raghu Vamsi Machine Tools Private Limited recently launched its fully indigenous Micro Turbojet Engine “INDRA RV25: 240N”.

About INDRA RV25: 240N:

• It is a micro turbojet engine.
• It is designed and developed indigenously by Hyderabad-based firm Raghu Vamsi Machine Tools with support from IIT Hyderabad.
• It has primarily been developed for unmanned aerial vehicles (UAVs) or drones.
• The engine has applications in UAVs, air taxis, jetpacks, auxiliary power units, range extenders, and power generation in the future.

What is a turbojet engine?

• A turbojet engine is a jet engine which produces all of its thrust by ejecting a high energy gas stream from the engine exhaust nozzle. 
• In contrast to a turbofan or bypass engine, 100% of the air entering the intake of a turbojet engine goes through the engine core.
• Components: The component parts of a turbojet engine are the inlet, the gas turbine engine, consisting of a compressor, a combustion chamber and a turbine, and the exhaust nozzle.
• Working:
• Air is drawn into the engine through the inlet and compressed and heated by the compressor. 
• Fuel is then added to the combustion chamber and ignited. 
• The burning fuel adds energy to the exhaust stream by heating and expanding the air. 
• Sufficient energy to drive the compressor is extracted from the exhaust stream by the turbine.
• The remainder of the exhaust energy is used to produce thrust, a process which is enhanced by the geometry of the exhaust nozzle.
• As the exhaust gas passes through the nozzle, it is accelerated to high speed as it expands, thus providing propulsion.
• The thrust produced by the engine can be selectively increased by incorporating an afterburner or re-heat into the engine design.
• Turbojet aircraft work on the principle of accelerating a relatively small mass of air to a high speed.
• As optimum efficiencyis achievedwhen the speed of the accelerated airapproximates that of the aircraft, turbojet engines do not reach peak efficiency until speeds approach Mach 2.
• Thus, turbojets have relatively poor propulsive efficiency at lower airspeeds, limiting their usefulness to high-speed aircraft.

Hence option d is the correct answer.

The ability of Generative AI models to “converse” with humans is due to something known as the Large Language Model, or LLM. 

About Large Language Model (LLMs):

• A large language model (LLM) is a type of artificial intelligence (AI) program that can recognize and generate text, among other tasks.
• LLMs are trained on huge sets of data—hence the name "large."
• LLMs are built on machine learning: specifically, a type of neural network called a transformer model.
• In simpler terms, an LLM is a computer program that has been fed enough examples to be able to recognize and interpret human language or other types of complex data. 
• Many LLMs are trained on data that has been gathered from the Internet—thousands or millions of gigabytes' worth of text.
• But the quality of the samples impacts how well LLMs will learn natural language, so an LLM's programmers may use a more curated data set.
• LLMs use a type of machine learning called deep learning in order to understand how characters, words, and sentences function together.
• Deep learning involves the probabilistic analysis of unstructured data, which eventually enables the deep learning model to recognize distinctions between pieces of content without human intervention.
• LLMs are then further trained via tuning: they are fine-tuned or prompt-tuned to the particular task that the programmer wants them to do, such as interpreting questions and generating responses, or translating text from one language to another.
• What are LLMs used for?
• LLMs can be trained to do a number of tasks. One of the most well-known uses is their application as generative AI: when given a prompt or asked a question, they can produce text in reply. 
• The publicly available LLM ChatGPT, for instance, can generate essays, poems, and other textual forms in response to user inputs.

Hence option b is the correct answer.

Researchers recently developed Garbhini-GA2, an India-specific artificial intelligence model to precisely determine the gestational age of a foetus.

About Garbhini-GA2:

• It is the first India-specific artificial intelligence (AI) model to precisely determine the age of a foetus in a pregnant woman in the second and third trimesters.
• It has been designed by researchers at the Indian Institute of Technology Madras and the Translational Health Science and Technology Institute (THSTI), Faridabad.  
• It is part of an interdisciplinary group for advanced research on birth outcomes – the Department of Biotechnology (DBT) India initiative (GARBH-Ini) programme.
• It is the first late-trimester GA estimation model to be developed and validated using Indian population data.
• The Garbhini-GA2 accurately estimates the foetus’ age, reducing error by almost three times.  
• Accurate ‘Gestational Age’ (GA) is necessary for the appropriate care of pregnant women and for determining precise delivery dates. 
• Once validated in pan-India cohorts, Garbhini-GA2 holds the potential to be widely deployed in clinics across the country, contributing to improved maternal and infant healthcare outcomes and reducing mortality rates.

Hence option b is the correct answer.

Recently, the Indian Immunologicals Ltd (IIL) a wholly owned subsidiary of National Dairy Development Board (NDDB) launched India’s first indigenously developed Hepatitis A vaccine ‘Havisure’ in Hyderabad.

• It is a two-dose vaccine — first dose administered at above 12 months of age and the second at least six months after the first dose.
• The vaccine is recommended for children as part of the routine immunization as well as for individuals at risk of exposure or travel to the regions with high hepatitis A prevalence.
• In addition to this people with occupational risk of infection and suffering from chronic liver diseases also require Hepatitis A vaccination.

Hence option a is the correct answer.

Recently, Arogya Maitri Disaster Management Cube has been deployed in Ayodhya to bolster medical readiness and response capabilities during the upcoming 'Pran Pratishtha' ceremony. 

• It is a revolutionary mobile hospital equipped with cutting-edge technology.
• This cube is a part of the broader initiative named “Project BHISHM” – Bharat Health Initiative for Sahyog, Hita and Maitri.
• Features
• It is tailored to treat up to 200 casualties, emphasizing rapid response and comprehensive care.
• The Aid Cube is equipped with several innovative tools designed to enhance disaster response and medical support during emergencies.
• It integrates Artificial Intelligence (AI) and data analytics to facilitate effective coordination, real-time monitoring, and efficient management of medical services in the field.
• The whole unit contains 72 easily transportable components that can be conveniently carried by hand, cycle, or even drone, providing unmatched flexibility.
• In the face of mass casualty incidents (MCIs), where requirements range from basic aid to advanced medical and surgical care, the Aid Cube stands out with its ability to be deployed within an astonishing 12 minutes.
• These cubes are robust, waterproof, and light, designed for various configurations, making them ideal for diverse emergency scenarios.
• From airdrops to ground transportation, the cube can be rapidly deployed anywhere, ensuring immediate response capability.
• It has advanced medical equipment, RFID-tagged for efficient repacking and redeployment.
• The state-of-the-art BHISHM software system integrated into a provided tablet allows operators to locate items quickly, monitor their usage and expiry, and ensure readiness for subsequent deployments.

Hence both statements are correct.