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With reference to the Fintech Open Hackathon, consider the following statements:
1. The Hackathon will provide an opportunity for innovators, digital creators and developers from all over India to think, ideate and code
2. It is an initiative of NITI Aayog in association with PhonePe.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
With reference to the Fintech Open Hackathon, consider the following s...
Statement 1: The Hackathon will provide an opportunity for innovators, digital creators and developers from all over India to think, ideate and code.
Statement 2: It is an initiative of NITI Aayog in association with PhonePe.
The correct answer is option C, both statements 1 and 2 are correct.
Explanation:
Fintech Open Hackathon is an event that aims to bring together innovators, digital creators, and developers from all over India to collaborate and create innovative solutions in the field of financial technology. It provides a platform for participants to think, ideate, and code their ideas into practical solutions.
The first statement is correct as the Hackathon indeed provides an opportunity for innovators, digital creators, and developers to come together and work on their ideas. This event allows participants to showcase their skills, learn from each other, and collaborate to develop new solutions in the fintech domain.
The second statement is also correct as the Fintech Open Hackathon is an initiative of NITI Aayog, the government think tank of India, in association with PhonePe, a digital payments company. NITI Aayog aims to promote innovation and entrepreneurship in various sectors, including fintech, and this Hackathon is one of the initiatives taken in that direction. PhonePe, being a leading player in the digital payments space, collaborates with NITI Aayog to support the event and provide its expertise in the fintech industry.
In conclusion, both statements 1 and 2 are correct. The Fintech Open Hackathon provides an opportunity for innovators, digital creators, and developers to collaborate and create innovative solutions, and it is indeed an initiative of NITI Aayog in association with PhonePe.
Statement 2: It is an initiative of NITI Aayog in association with PhonePe.
The correct answer is option C, both statements 1 and 2 are correct.
Explanation:
Fintech Open Hackathon is an event that aims to bring together innovators, digital creators, and developers from all over India to collaborate and create innovative solutions in the field of financial technology. It provides a platform for participants to think, ideate, and code their ideas into practical solutions.
The first statement is correct as the Hackathon indeed provides an opportunity for innovators, digital creators, and developers to come together and work on their ideas. This event allows participants to showcase their skills, learn from each other, and collaborate to develop new solutions in the fintech domain.
The second statement is also correct as the Fintech Open Hackathon is an initiative of NITI Aayog, the government think tank of India, in association with PhonePe, a digital payments company. NITI Aayog aims to promote innovation and entrepreneurship in various sectors, including fintech, and this Hackathon is one of the initiatives taken in that direction. PhonePe, being a leading player in the digital payments space, collaborates with NITI Aayog to support the event and provide its expertise in the fintech industry.
In conclusion, both statements 1 and 2 are correct. The Fintech Open Hackathon provides an opportunity for innovators, digital creators, and developers to collaborate and create innovative solutions, and it is indeed an initiative of NITI Aayog in association with PhonePe.
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With reference to the Fintech Open Hackathon, consider the following statements:1. The Hackathon will provide an opportunity for innovators, digital creators and developers from all over India to think, ideate and code2. It is an initiative of NITI Aayog in association with PhonePe.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the Fintech Open Hackathon, consider the following statements:1. The Hackathon will provide an opportunity for innovators, digital creators and developers from all over India to think, ideate and code2. It is an initiative of NITI Aayog in association with PhonePe.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Fintech Open Hackathon, consider the following statements:1. The Hackathon will provide an opportunity for innovators, digital creators and developers from all over India to think, ideate and code2. It is an initiative of NITI Aayog in association with PhonePe.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Fintech Open Hackathon, consider the following statements:1. The Hackathon will provide an opportunity for innovators, digital creators and developers from all over India to think, ideate and code2. It is an initiative of NITI Aayog in association with PhonePe.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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