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What is the objective of the G20 TechSprint Initiative launched by RBI and BIS?
  • a)
    To promote innovative solutions for cross-border payments.
  • b)
    To enhance India's technological capabilities.
  • c)
    To encourage international collaboration among developers.
  • d)
    To support India's G20 presidency.
  • e)
    None of the above
Correct answer is option 'A'. Can you explain this answer?
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What is the objective of the G20 TechSprint Initiative launched by RBI...
The objective of the G20 TechSprint Initiative launched by RBI and BIS is to promote innovative solutions aimed at improving cross-border payments. The competition invites developers from around the world to participate and provide solutions to the specified problem statements related to cross-border payments.
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Directions: Read the following passage and answer the question.It is difficult to compare countries because various factors such as size, culture, history, geography, natural endowments, geopolitics and internal polity come into play. There are some goals which can be achieved by smaller countries; [A] but sometimes smaller countries find it difficult to embark upon certain big technological plans even if they have the funds, because the size of the domestic market is too small. If we consider the bigger countries, the closest comparison to India is China, though there are many crucial differences.The Chinese vision is to prepare the country for entry into the ranks of mid-level developed nations by the middle of the twenty-first century. Acceleration of the nation's economic growth and social development by relying on advances in science and technology is pivotal in this.Documents describing the Chinese vision state that science and technology constitute premier productive forces and represent a great revolutionary power that can propel economic and social development. It is interesting to note that the main lessons the Chinese have drawn from their past performance is their failure to promote science and technology as strategic tools for empowerment. They also point to the absence of mechanisms and motivations in their economic activity to promote dependence on science and technology. [B] Similarly, they hold that their scientific and technological efforts were not oriented towards economic growth. As a consequence, they conclude, a large number of scientific and technological achievements were not converted into 'productive forces' as they were too far removed from China's immediate economic and social needs. [C] The Chinese vision is therefore aimed at exploiting state-of-art science and technology to enhance the nation's overall power and strength, to improve the people's living standards, to focus on resolving problems encountered in large-scale industrial and agricultural production aid to effectively control and alleviate pressures brought on by population, resources and the environment. By the year 2000, China had aimed at bringing the main industrial sectors upto the technological levels achieved by the developed countries in the 1970s or '80s, and by 2020 to the level they would have attained by the early twenty-first century. [D] The aim is to bridge the overall gap for the advanced world. There is a special emphasis on research and development of high technologies that would find defence applications. Some of these technologies are critical for the features of key conventional weapons. Some technologies are meant for enhancing future military capabilities. Other efforts are aimed at maintaining the momentum to develop capabilities for cutting–edge defence technologies. They call for unremitting efforts in this regard with the aim of maintaining effective self-defence and nuclear deterrent capabilities and to enable parity in defence science and technology with the advanced world.What does China hope to get by spending on research for defence applications?

Directions: Read the following passage and answer the question.It is difficult to compare countries because various factors such as size, culture, history, geography, natural endowments, geopolitics and internal polity come into play. There are some goals which can be achieved by smaller countries; [A] but sometimes smaller countries find it difficult to embark upon certain big technological plans even if they have the funds, because the size of the domestic market is too small. If we consider the bigger countries, the closest comparison to India is China, though there are many crucial differences.The Chinese vision is to prepare the country for entry into the ranks of mid-level developed nations by the middle of the twenty-first century. Acceleration of the nation's economic growth and social development by relying on advances in science and technology is pivotal in this.Documents describing the Chinese vision state that science and technology constitute premier productive forces and represent a great revolutionary power that can propel economic and social development. It is interesting to note that the main lessons the Chinese have drawn from their past performance is their failure to promote science and technology as strategic tools for empowerment. They also point to the absence of mechanisms and motivations in their economic activity to promote dependence on science and technology. [B] Similarly, they hold that their scientific and technological efforts were not oriented towards economic growth. As a consequence, they conclude, a large number of scientific and technological achievements were not converted into 'productive forces' as they were too far removed from China's immediate economic and social needs. [C] The Chinese vision is therefore aimed at exploiting state-of-art science and technology to enhance the nation's overall power and strength, to improve the people's living standards, to focus on resolving problems encountered in large-scale industrial and agricultural production aid to effectively control and alleviate pressures brought on by population, resources and the environment. By the year 2000, China had aimed at bringing the main industrial sectors upto the technological levels achieved by the developed countries in the 1970s or '80s, and by 2020 to the level they would have attained by the early twenty-first century. [D] The aim is to bridge the overall gap for the advanced world. There is a special emphasis on research and development of high technologies that would find defence applications. Some of these technologies are critical for the features of key conventional weapons. Some technologies are meant for enhancing future military capabilities. Other efforts are aimed at maintaining the momentum to develop capabilities for cutting–edge defence technologies. They call for unremitting efforts in this regard with the aim of maintaining effective self-defence and nuclear deterrent capabilities and to enable parity in defence science and technology with the advanced world.Why does the author think that science and technology have become even more crucial for China?

Directions: Read the following passage and answer the question.It is difficult to compare countries because various factors such as size, culture, history, geography, natural endowments, geopolitics and internal polity come into play. There are some goals which can be achieved by smaller countries; [A] but sometimes smaller countries find it difficult to embark upon certain big technological plans even if they have the funds, because the size of the domestic market is too small. If we consider the bigger countries, the closest comparison to India is China, though there are many crucial differences.The Chinese vision is to prepare the country for entry into the ranks of mid-level developed nations by the middle of the twenty-first century. Acceleration of the nation's economic growth and social development by relying on advances in science and technology is pivotal in this.Documents describing the Chinese vision state that science and technology constitute premier productive forces and represent a great revolutionary power that can propel economic and social development. It is interesting to note that the main lessons the Chinese have drawn from their past performance is their failure to promote science and technology as strategic tools for empowerment. They also point to the absence of mechanisms and motivations in their economic activity to promote dependence on science and technology. [B] Similarly, they hold that their scientific and technological efforts were not oriented towards economic growth. As a consequence, they conclude, a large number of scientific and technological achievements were not converted into 'productive forces' as they were too far removed from China's immediate economic and social needs. [C] The Chinese vision is therefore aimed at exploiting state-of-art science and technology to enhance the nation's overall power and strength, to improve the people's living standards, to focus on resolving problems encountered in large-scale industrial and agricultural production aid to effectively control and alleviate pressures brought on by population, resources and the environment. By the year 2000, China had aimed at bringing the main industrial sectors upto the technological levels achieved by the developed countries in the 1970s or '80s, and by 2020 to the level they would have attained by the early twenty-first century. [D] The aim is to bridge the overall gap for the advanced world. There is a special emphasis on research and development of high technologies that would find defence applications. Some of these technologies are critical for the features of key conventional weapons. Some technologies are meant for enhancing future military capabilities. Other efforts are aimed at maintaining the momentum to develop capabilities for cutting–edge defence technologies. They call for unremitting efforts in this regard with the aim of maintaining effective self-defence and nuclear deterrent capabilities and to enable parity in defence science and technology with the advanced world.What need does the author want to highlight from the statement [B] 'Similarly, they hold that their scientific and technological efforts were not oriented towards economic growth'?

Directions: Read the following passage and answer the question.It is difficult to compare countries because various factors such as size, culture, history, geography, natural endowments, geopolitics and internal polity come into play. There are some goals which can be achieved by smaller countries; [A] but sometimes smaller countries find it difficult to embark upon certain big technological plans even if they have the funds, because the size of the domestic market is too small. If we consider the bigger countries, the closest comparison to India is China, though there are many crucial differences.The Chinese vision is to prepare the country for entry into the ranks of mid-level developed nations by the middle of the twenty-first century. Acceleration of the nation's economic growth and social development by relying on advances in science and technology is pivotal in this.Documents describing the Chinese vision state that science and technology constitute premier productive forces and represent a great revolutionary power that can propel economic and social development. It is interesting to note that the main lessons the Chinese have drawn from their past performance is their failure to promote science and technology as strategic tools for empowerment. They also point to the absence of mechanisms and motivations in their economic activity to promote dependence on science and technology. [B] Similarly, they hold that their scientific and technological efforts were not oriented towards economic growth. As a consequence, they conclude, a large number of scientific and technological achievements were not converted into 'productive forces' as they were too far removed from China's immediate economic and social needs. [C] The Chinese vision is therefore aimed at exploiting state-of-art science and technology to enhance the nation's overall power and strength, to improve the people's living standards, to focus on resolving problems encountered in large-scale industrial and agricultural production aid to effectively control and alleviate pressures brought on by population, resources and the environment. By the year 2000, China had aimed at bringing the main industrial sectors upto the technological levels achieved by the developed countries in the 1970s or '80s, and by 2020 to the level they would have attained by the early twenty-first century. [D] The aim is to bridge the overall gap for the advanced world. There is a special emphasis on research and development of high technologies that would find defence applications. Some of these technologies are critical for the features of key conventional weapons. Some technologies are meant for enhancing future military capabilities. Other efforts are aimed at maintaining the momentum to develop capabilities for cutting–edge defence technologies. They call for unremitting efforts in this regard with the aim of maintaining effective self-defence and nuclear deterrent capabilities and to enable parity in defence science and technology with the advanced world.What can be inferred from the statement [A] 'but sometimes smaller countries find it difficult to embark upon certain big technological plans even if they have the funds, because the size of the domestic market is too small'?

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What is the objective of the G20 TechSprint Initiative launched by RBI and BIS?a)To promote innovative solutions for cross-border payments.b)To enhance Indias technological capabilities.c)To encourage international collaboration among developers.d)To support Indias G20 presidency.e)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
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What is the objective of the G20 TechSprint Initiative launched by RBI and BIS?a)To promote innovative solutions for cross-border payments.b)To enhance Indias technological capabilities.c)To encourage international collaboration among developers.d)To support Indias G20 presidency.e)None of the aboveCorrect answer is option 'A'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about What is the objective of the G20 TechSprint Initiative launched by RBI and BIS?a)To promote innovative solutions for cross-border payments.b)To enhance Indias technological capabilities.c)To encourage international collaboration among developers.d)To support Indias G20 presidency.e)None of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the objective of the G20 TechSprint Initiative launched by RBI and BIS?a)To promote innovative solutions for cross-border payments.b)To enhance Indias technological capabilities.c)To encourage international collaboration among developers.d)To support Indias G20 presidency.e)None of the aboveCorrect answer is option 'A'. Can you explain this answer?.
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