Daily UPSC Prelims Current Affairs – February 23, 2023 [Mock Test]
March 10, 2023 March 10, 2023
1. With respect to data localization in India, consider the following statements:
- Srikrishna Committee Report recommended that at least one copy of personal data will need to be stored on servers located within India.
- India supported the Osaka Track on the digital economy.
- Data localization provides data sovereignty.
Which of the statements given above is/are correct?
[A] Only 1 & 3
[B] Only 2 & 3
[C] Only 1 & 2
[D] 1, 2 & 3
Show Answer
Correct Answer: A [Only 1 & 3]
Notes:- Data localisation refers to policy initiatives that limit data flows by restricting the physical storage and processing of data inside the boundaries of a specific jurisdiction.
- Data localisation secures citizens’ data and provides data privacy and data sovereignty from foreign surveillance.
- Data localisation will result in greater accountability from firms like Google, Facebook etc. about the end use of data.
- Srikrishna Committee Report recommended at Least one copy of personal data will need to be stored on servers located within India. Transfers outside the country will need to be subject to safeguards. Critical personal data will only be stored and processed in India.
- At the G20 summit 2019, India boycotted the Osaka Track on the digital economy. The Osaka Track pushed hard for the creation of laws that would allow data flows between countries and the removal of data localisation.
2. Consider the following statements:
- Methane Alert and Response System (MARS) was launched at 27th Conference of the Parties to the United Nations Framework Convention on Climate Change.
- It is a data-to-action platform, set up to curb methane emissions.
Which of the statements given above is/are correct?
[A] Only 1
[B] Only 2
[C] Both 1 & 2
[D] Neither 1 nor 2
Show Answer
Correct Answer: C [Both 1 & 2]
Notes:- The Methane Alert and Response System (MARS) was launched at COP27, the UN’s annual conference on climate change. It is a data-to-action platform, set up as part of strategies to curb methane emissions.
- Through MARS, governments and businesses will be able to access policy-relevant data and respond to the threats of climate change.
- According to The Sixth Assessment Report by The Intergovernmental Panel on Climate Change (IPCC), methane contributes to at least a quarter of today’s global warming issues. The IPCC says we must cut methane emissions by at least 30% by 2030 to keep world pledges to the 1.5°C temperature limit within reach.
- MARS will be the first publicly available system that is capable of connecting methane detection to notification processes. It uses state-of-the-art satellite data in order to identify major emission events, notify relevant stakeholders, and support and track mitigation progress.
3. Which of the following statements is/are correct about Financial Stability Board?
- It was established by the G7 finance ministers and central bank governors.
- It is headquartered in Basel.
- It is established as a not-for-profit association under Swiss law.
Choose the correct answer using the codes given below:
[A] Only 1
[B] Only 2 & 3
[C] Only 1 & 2
[D] 1, 2 & 3
Show Answer
Correct Answer: B [Only 2 & 3]
Notes:- Financial Stability Board was established after the G20 London summit in April 2009 as a successor to the Financial Stability Forum (FSF).
- The Financial Stability Board is headquartered in Basel, Switzerland.
- It is hosted and funded by the Bank for International Settlements, and is established as a not-for-profit association under Swiss law.
- The Board includes all G20 major economies, FSF members, and the European Commission.
- The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system.
