What are the key disruptive trends of the so called Industry 4.0 (Fourth Industrial Revolution)? Discuss while highlighting the importance of innovation, Internet of Things (IoT) and Big Data for Industry 4.0.

The Fourth Industrial Revolution is also known as Industry 4.0. It is the automation process in the field of manufacturing and industries. The modern smart technology includes a machine to machine communication, the internet of things (IoT), improved communication, self-monitoring, ..

The Bhim Aadhaar Pay system allows money transfers using biometrics even without phones. How does it work? What are main advantages of this payment system?

The BHIM Aadhaar platform and application seek to minimize the role of plastic cards and point of sale machines, which hitherto are believed to be essential for cashless transaction.  Under this, a customer has to link his bank account with ..

Differentiate between biologics, biosimilars and generics.

In broad categorization, most medicines can be divided into two segments: drugs and biologics. Drugs are small-molecule chemical compounds. Since they are synthesized from chemicals they do have the same effect all the time. A generic drug is bioequivalent to ..

Explain the cashless transaction mechanisms by (1) Bharat QR Code (2) UPI based banking applications.

Bharat QR Code Bharat QR Code is a payment mechanism by which a matrix bar code is generated which contains information about a particular link or item. The code is readable by a QR scanner. The code contains all the ..

Define Data portability. Keeping in view the new European Law on data portability, discuss the relevance and potential of such law in India.

In the simplest sense, Data portability means portability of data from one platform to another platform, thus facilitating interoperability. The logic is that users should be able to take data along them in case of the shift from one platform ..

What is the so called missile programme of North Korea? While explaining the international concerns regarding its recent missile launch using solid fuel technology, discuss reactions of the international community regarding the same.

In the past 13 months, North Korea has completed two nuclear tests and has launched more than 20 ballistic missiles. North Korea has approximately 1,000 missiles of varying capabilities. It has even vowed to develop inter-continental missile to strike US ..

Highlight the multifaceted role played by ISRO in diversified developmental activities of the nation apart from its core work of launching satellites.

ISRO was established in the 1950s, as the spearhead of the Indian Space Program. In recent years, it has played a multifaceted role for the development of nation. Providing broadband connectivity to remote areas, e.g. J&K, North East. This spurs ..

The Artificial Intelligence (AI) is increasingly being seen as a new factor of production in recent times. What are the credentials of AI which make it suitable as a new factor of production apart from land, labour and capital? Discuss.

Artificial intelligence is seen as a transformative technology which has the potential to be a new factor of production and it has been instrumental in bringing a paradigm change in fundamental economic relationships. It basically refers to multiple technologies which ..