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Consider the following with regards to Technology development related institutions in India.
1. Technology Development Board (TDB) is a statutory body that primarily aims to eliminate the import of technology in the near future and promotes development of indigenous technology.
2. TDB provides equity capital or loans to industrial concerns and financial assistance to research and development institutions.
3. Global Innovation & Technology Alliance (GITA) was established in order to stimulate private sector’s investment in R&D.
4. GITA is a joint venture between World Bank (WB) and TDB.
Select the correct answer using the codes below.
  • a)
    1, 2, 3 and 4
  • b)
    2, 3 and 4 only
  • c)
    2 and 3 only
  • d)
    1 and 4 only
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Consider the following with regards to Technology development related ...
Statement 1 and 2: About Technology Development Board: It is a statutory body established by Technology Development Board Act, 1995.
Objective: To promote development and commercialization of indigenous technology and adaptation of imported technology for much wider application.
Roles and functions of the board: Encourage enterprises to take up technology-oriented products. Provide equity capital or loans to industrial concerns and financial assistance to research and development institutions.
Statement 3 and 4: About GITA: In order to stimulate private sector’s investment in R&D, TDB has established Global Innovation & Technology Alliance (GITA). It is a joint venture between Confederation of Indian Industry (CII) and TDB with an equity contribution of 51:49 respectively. The GITA will assist Department of Science & Technology (DST) in implementing industrial research and development programme with different countries under bilateral and multilateral science and technology cooperation agreements.
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Consider the following with regards to Technology development related institutions in India.1. Technology Development Board (TDB) is a statutory body that primarily aims to eliminate the import of technology in the near future and promotes development of indigenous technology.2. TDB provides equity capital or loans to industrial concerns and financial assistance to research and development institutions.3. Global Innovation & Technology Alliance (GITA) was established in order to stimulate private sector’s investment in R&D.4. GITA is a joint venture between World Bank (WB) and TDB.Select the correct answer using the codes below.a)1, 2, 3 and 4b)2, 3 and 4 onlyc)2 and 3 onlyd)1 and 4 onlyCorrect answer is option 'C'. Can you explain this answer?
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Consider the following with regards to Technology development related institutions in India.1. Technology Development Board (TDB) is a statutory body that primarily aims to eliminate the import of technology in the near future and promotes development of indigenous technology.2. TDB provides equity capital or loans to industrial concerns and financial assistance to research and development institutions.3. Global Innovation & Technology Alliance (GITA) was established in order to stimulate private sector’s investment in R&D.4. GITA is a joint venture between World Bank (WB) and TDB.Select the correct answer using the codes below.a)1, 2, 3 and 4b)2, 3 and 4 onlyc)2 and 3 onlyd)1 and 4 onlyCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following with regards to Technology development related institutions in India.1. Technology Development Board (TDB) is a statutory body that primarily aims to eliminate the import of technology in the near future and promotes development of indigenous technology.2. TDB provides equity capital or loans to industrial concerns and financial assistance to research and development institutions.3. Global Innovation & Technology Alliance (GITA) was established in order to stimulate private sector’s investment in R&D.4. GITA is a joint venture between World Bank (WB) and TDB.Select the correct answer using the codes below.a)1, 2, 3 and 4b)2, 3 and 4 onlyc)2 and 3 onlyd)1 and 4 onlyCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following with regards to Technology development related institutions in India.1. Technology Development Board (TDB) is a statutory body that primarily aims to eliminate the import of technology in the near future and promotes development of indigenous technology.2. TDB provides equity capital or loans to industrial concerns and financial assistance to research and development institutions.3. Global Innovation & Technology Alliance (GITA) was established in order to stimulate private sector’s investment in R&D.4. GITA is a joint venture between World Bank (WB) and TDB.Select the correct answer using the codes below.a)1, 2, 3 and 4b)2, 3 and 4 onlyc)2 and 3 onlyd)1 and 4 onlyCorrect answer is option 'C'. Can you explain this answer?.
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