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What is the purpose of the e-wallet facility inaugurated by the Ministry of Civil Aviation?
  • a)
    To promote agricultural credit
  • b)
    To process fees for regulatory approvals
  • c)
    To facilitate international money transfers
  • d)
    To provide subsidies for renewable energy projects
Correct answer is option 'B'. Can you explain this answer?
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What is the purpose of the e-wallet facility inaugurated by the Minist...
The purpose of the e-wallet facility inaugurated by the Ministry of Civil Aviation is to process fees for regulatory approvals.

The Ministry of Civil Aviation, in its efforts to promote digital transactions and streamline administrative procedures, has introduced an e-wallet facility. This facility allows individuals and organizations to make online payments for various regulatory approvals related to the aviation sector. Let's delve into the details to understand the purpose of this initiative.

Streamlining Fee Payments:
One of the main objectives of the e-wallet facility is to simplify the process of fee payments for regulatory approvals. Previously, individuals and organizations had to go through a manual process of submitting physical documents and making payments through traditional methods, such as cash or demand drafts. This process was time-consuming and often prone to errors.

With the introduction of the e-wallet facility, the payment process becomes more streamlined and efficient. Users can create an account and deposit funds into their e-wallet, which can then be utilized to pay for various regulatory approvals. This eliminates the need for physical documents and allows for quick and hassle-free transactions.

Promoting Digital Transactions:
Another purpose of the e-wallet facility is to promote digital transactions in the aviation sector. As the world becomes increasingly digitized, it is crucial for industries to adapt and embrace technology. By providing an e-wallet facility, the Ministry of Civil Aviation encourages individuals and organizations to shift towards digital payment methods, reducing reliance on cash and traditional payment instruments.

Enhancing Transparency and Accountability:
The e-wallet facility also enhances transparency and accountability in the fee payment process. Since all transactions are recorded electronically, it becomes easier to track and monitor payments. This reduces the chances of fraud or manipulation and ensures that the entire process is conducted in a transparent manner.

Convenience and Efficiency:
Lastly, the e-wallet facility offers convenience and efficiency to users. With just a few clicks, individuals and organizations can make payments for regulatory approvals from the comfort of their homes or offices. This eliminates the need for physical visits to government offices and saves valuable time and effort.

In conclusion, the e-wallet facility inaugurated by the Ministry of Civil Aviation serves the purpose of processing fees for regulatory approvals. By streamlining the payment process, promoting digital transactions, enhancing transparency, and offering convenience, this initiative aims to modernize the aviation sector and make administrative procedures more efficient.
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What is the purpose of the e-wallet facility inaugurated by the Minist...
The e-wallet facility inaugurated by the Ministry of Civil Aviation is designed to process fees for various regulatory approvals in the civil aviation sector, making the payment process faster and more secure.
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Directions: Read the following passage carefully and answer the question given below it.Rural India faces serious shortages - power, water, health facilities, roads, etc.- these are known and recognised. However, the role of technology in solving these and other problems is barely acknowledged and the actual availability of technology in rural areas is marginal. The backbone of the rural economy is agriculture; which also provides sustenance to over half the country's population. The "Green Revolution" of the 1970s was, in fact, powered by the scientific work in various agricultural research institutions. While some fault the green revolution for excessive exploitation of water and land resources through overuse of fertilisers, it did bring about a wheat surplus and prosperity in certain pockets of the country.In rural India today, there is a dire inadequacy of both science (i.e. knowledg e) and technology (which derives from science and manifests itself in physical form). The scope to apply technology to both farm and non-farm activities in rural areas is huge, as are the potential benefits. In fact, crop yields are far lower than what they are in demonstration farms, where science and technology are more fully applied. Technologies that reduce power consumption of pumps are vital; unfortunately, their use is minimal, since agricultural power is free or largely subsidised. Similarly, there is little incentive to optimise through technology or otherwise - water use, especially in irrigated areas (a third of total arable lan d), given the water rates. Post-harvest technologies for processing and adding value could greatly enhance rural employment and incomes, but at present, deployment of technology is marginal. Cold storage and cold-chains for transportation to market is of great importance for many agricultural products - particularly, fruits and vegetables - but are non-existent. These are clearly technologies with an immediate return on investment, and benefits for all; the farmer, the end-consumer, the technology provider. However, regulatory and structural barriers are holding back investments.Power is a key requirement in rural areas, for agricultural as well as domestic uses. Technology can provide reliable power at comparatively low costs in a decentralised manner. However, this needs to be upgraded and scaled in a big way, with emphasis on renewable and non-polluting technologies. Reliable and low cost means of transporting goods and people is an essential need for rural areas. The bullock-cart and the tractor-trailer are present vehicles of choice. Surely, technology can provide a better, cheaper and more efficient solution. Information related to commodity prices, agricultural practices, weather etc., are crucial for the farmer. Technology can provide these through mobile phones, which is a proven technology, however, the challenge to ensure connectivity remains. Thus, there is a pressing need for technology as currently economic growth - though skewed and iniquitous -has created an economically attractive market in rural India.Q. Which of the following is/are NOT true in the context of the passage?(

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What is the purpose of the e-wallet facility inaugurated by the Ministry of Civil Aviation?a)To promote agricultural creditb)To process fees for regulatory approvalsc)To facilitate international money transfersd)To provide subsidies for renewable energy projectsCorrect answer is option 'B'. Can you explain this answer?
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