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What is the objective of the National Space Innovation Challenge 2023 (NSIC 2023)?
  • a)
    To explore new planets
  • b)
    To bridge the gap in the Indian space economy
  • c)
    To develop advanced satellites
  • d)
    To study the effects of global warming
Correct answer is option 'B'. Can you explain this answer?
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What is the objective of the National Space Innovation Challenge 2023 ...
The National Space Innovation Challenge 2023 (NSIC 2023) aims to bridge the gap in the Indian space economy and encourage future space entrepreneurs. It is designed to ignite innovation among young school students and create awareness of opportunities in the space sector.
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What is the objective of the National Space Innovation Challenge 2023 ...
The objective of the National Space Innovation Challenge 2023 (NSIC 2023) is to bridge the gap in the Indian space economy.

Explanation:
The National Space Innovation Challenge 2023 (NSIC 2023) is an initiative taken by the Indian government to promote innovation and entrepreneurship in the space sector. The objective of this challenge is to bridge the gap in the Indian space economy, which means addressing the existing challenges and finding innovative solutions to enhance the growth and development of the space industry in India.

Importance:
The space sector plays a crucial role in the overall development of a country. It not only facilitates communication and navigation but also contributes significantly to national security, disaster management, climate monitoring, and scientific research. The Indian space industry has made remarkable progress in recent years, but there are still certain gaps that need to be filled to ensure its sustainable growth.

Bridging the Gap:
The NSIC 2023 aims to bridge the gap in the Indian space economy by encouraging the development of advanced technologies, promoting entrepreneurship, and fostering collaboration between academia, industry, and the government. It provides a platform for young innovators, startups, and researchers to showcase their ideas and solutions that can contribute to the growth of the space industry.

Promoting Innovation:
The challenge focuses on promoting innovation in various aspects of the space sector, including satellite technology, launch systems, space applications, space exploration, and space policy. It encourages participants to come up with groundbreaking ideas and technologies that can address the existing challenges and propel the Indian space industry to new heights.

Creating Opportunities:
By bridging the gap in the Indian space economy, the NSIC 2023 aims to create opportunities for startups and entrepreneurs to thrive in the space sector. It provides a platform for networking, mentorship, and investment, enabling participants to turn their ideas into viable business ventures. This, in turn, will contribute to job creation, economic growth, and technological advancement in the country.

Conclusion:
The National Space Innovation Challenge 2023 (NSIC 2023) plays a vital role in bridging the gap in the Indian space economy. By promoting innovation, fostering collaboration, and creating opportunities, it aims to accelerate the growth and development of the space industry in India. This initiative will not only contribute to the overall progress of the country but also strengthen its position in the global space arena.
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Direction: Read the passage and answer the following question.The words invention and Innovation are closely linked, but they are not interchangeable. The inventor is a genius who uses his intellect, imagination, time and resources to create something that does not exist. But this invention may or may not be of utility to the masses. It is the enterprising innovator who uses various resources, skills and time to make the invention available for use. The innovator might use the invention as it is, modifies it or even blend two or more inventions to make one marketable product. A great example is that of the iPhone which is a combination of various inventions.If an invention is the result of countless trials and errors, so can be the case with innovation. Not every attempt to make an invention is successful. Not every innovation sees the light of the day. Benjamin Franklin had the belief that success doesn‘t come without challenge, mistake, and in a few cases failure.One of the world‘s most famous innovators, Steve Jobs says, ?Sometimes when you innovate, you make mistakes. It is best to admit them quickly and get on with improving your other innovations.Thus, inventors and innovators have to be intrepid enough to take risks; consider failures as stepping stones and not stumbling blocks.Some inventions are the result of a keen observation or a simple discovery. The inventor of Velcro, also called the zipless zipper, is the Swiss engineer George de Mestral. He was hiking in the woods when he found burrs clinging to his clothes and his dog‘s fur. Back at home, he studied the burrs. He discovered that each burr was a collection of tiny hooks which made it cling to another object. A few years later, he made and patented the strips of fabric that came to us like Velcro.The world of inventions and innovations is a competitive one. But the race does not end here; it is also prevalent in the case of getting intellectual property rights. There have been inventors who failed to get a single patent while there have been some who managed to amass numerous patents in their lifetime. Thomas Edison had 1,093 patents to his credit!'We relate the telephone with Alexander Graham Bell. It is believed that around the same time, Antonio Meucci had also designed the telephone, but due to lack of resources and various hardships, he could not proceed with the patent of his invention. It is also believed that Elisha Gray had made a design for the telephone and applied for the patent at the U.S. patent office on the same day as Graham Bell did. By sheer chance, Graham‘s lawyer‘s turn to file the papers came first. Hence, Graham was granted the first patent for the telephone.It is not easy, and at times almost impossible, for an inventor to be an innovator too. There are very few like Thomas Edison who graduated from being an incredible inventor to a successful manufacturer and businessman with brilliant marketing skills.While innovations that have helped to enhance the quality of life are laudable, equally laudable are the inventions that laid the foundation of these very innovations.Q. Velcro can be best described as

Direction: Read the passage and answer the following question.The words invention and Innovation are closely linked, but they are not interchangeable. The inventor is a genius who uses his intellect, imagination, time and resources to create something that does not exist. But this invention may or may not be of utility to the masses. It is the enterprising innovator who uses various resources, skills and time to make the invention available for use. The innovator might use the invention as it is, modifies it or even blend two or more inventions to make one marketable product. A great example is that of the iPhone which is a combination of various inventions.If an invention is the result of countless trials and errors, so can be the case with innovation. Not every attempt to make an invention is successful. Not every innovation sees the light of the day. Benjamin Franklin had the belief that success doesn‘t come without challenge, mistake, and in a few cases failure.One of the world‘s most famous innovators, Steve Jobs says, ?Sometimes when you innovate, you make mistakes. It is best to admit them quickly and get on with improving your other innovations.Thus, inventors and innovators have to be intrepid enough to take risks; consider failures as stepping stones and not stumbling blocks.Some inventions are the result of a keen observation or a simple discovery. The inventor of Velcro, also called the zipless zipper, is the Swiss engineer George de Mestral. He was hiking in the woods when he found burrs clinging to his clothes and his dog‘s fur. Back at home, he studied the burrs. He discovered that each burr was a collection of tiny hooks which made it cling to another object. A few years later, he made and patented the strips of fabric that came to us like Velcro.The world of inventions and innovations is a competitive one. But the race does not end here; it is also prevalent in the case of getting intellectual property rights. There have been inventors who failed to get a single patent while there have been some who managed to amass numerous patents in their lifetime. Thomas Edison had 1,093 patents to his credit!'We relate the telephone with Alexander Graham Bell. It is believed that around the same time, Antonio Meucci had also designed the telephone, but due to lack of resources and various hardships, he could not proceed with the patent of his invention. It is also believed that Elisha Gray had made a design for the telephone and applied for the patent at the U.S. patent office on the same day as Graham Bell did. By sheer chance, Graham‘s lawyer‘s turn to file the papers came first. Hence, Graham was granted the first patent for the telephone.It is not easy, and at times almost impossible, for an inventor to be an innovator too. There are very few like Thomas Edison who graduated from being an incredible inventor to a successful manufacturer and businessman with brilliant marketing skills.While innovations that have helped to enhance the quality of life are laudable, equally laudable are the inventions that laid the foundation of these very innovations.Q. The author believes that

Direction: Read the passage and answer the following question.The words invention and Innovation are closely linked, but they are not interchangeable. The inventor is a genius who uses his intellect, imagination, time and resources to create something that does not exist. But this invention may or may not be of utility to the masses. It is the enterprising innovator who uses various resources, skills and time to make the invention available for use. The innovator might use the invention as it is, modifies it or even blend two or more inventions to make one marketable product. A great example is that of the iPhone which is a combination of various inventions.If an invention is the result of countless trials and errors, so can be the case with innovation. Not every attempt to make an invention is successful. Not every innovation sees the light of the day. Benjamin Franklin had the belief that success doesn‘t come without challenge, mistake, and in a few cases failure.One of the world‘s most famous innovators, Steve Jobs says, ―Sometimes when you innovate, you make mistakes. It is best to admit them quickly and get on with improving your other innovations.Thus, inventors and innovators have to be intrepid enough to take risks; consider failures as stepping stones and not stumbling blocks.Some inventions are the result of a keen observation or a simple discovery. The inventor of Velcro, also called the zipless zipper, is the Swiss engineer George de Mestral. He was hiking in the woods when he found burrs clinging to his clothes and his dog‘s fur. Back at home, he studied the burrs. He discovered that each burr was a collection of tiny hooks which made it cling to another object. A few years later, he made and patented the strips of fabric that came to us like Velcro.The world of inventions and innovations is a competitive one. But the race does not end here; it is also prevalent in the case of getting intellectual property rights. There have been inventors who failed to get a single patent while there have been some who managed to amass numerous patents in their lifetime. Thomas Edison had 1,093 patents to his credit!'We relate the telephone with Alexander Graham Bell. It is believed that around the same time, Antonio Meucci had also designed the telephone, but due to lack of resources and various hardships, he could not proceed with the patent of his invention. It is also believed that Elisha Gray had made a design for the telephone and applied for the patent at the U.S. patent office on the same day as Graham Bell did. By sheer chance, Graham‘s lawyer‘s turn to file the papers came first. Hence, Graham was granted the first patent for the telephone.It is not easy, and at times almost impossible, for an inventor to be an innovator too. There are very few like Thomas Edison who graduated from being an incredible inventor to a successful manufacturer and businessman with brilliant marketing skills.While innovations that have helped to enhance the quality of life are laudable, equally laudable are the inventions that laid the foundation of these very innovations.Q. The author believes that

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What is the objective of the National Space Innovation Challenge 2023 (NSIC 2023)?a)To explore new planetsb)To bridge the gap in the Indian space economyc)To develop advanced satellitesd)To study the effects of global warmingCorrect answer is option 'B'. Can you explain this answer?
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What is the objective of the National Space Innovation Challenge 2023 (NSIC 2023)?a)To explore new planetsb)To bridge the gap in the Indian space economyc)To develop advanced satellitesd)To study the effects of global warmingCorrect answer is option 'B'. 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 National Space Innovation Challenge 2023 (NSIC 2023)?a)To explore new planetsb)To bridge the gap in the Indian space economyc)To develop advanced satellitesd)To study the effects of global warmingCorrect answer is option 'B'. 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 National Space Innovation Challenge 2023 (NSIC 2023)?a)To explore new planetsb)To bridge the gap in the Indian space economyc)To develop advanced satellitesd)To study the effects of global warmingCorrect answer is option 'B'. Can you explain this answer?.
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