12 March : Daily Current Affairs Quiz

Answer: Option C - Consensus mechanisms like Proof-of-Work or Proof-of-Stake

Explanation:

• The issuance of new cryptocurrency tokens is primarily determined by consensus mechanisms like Proof-of-Work (PoW) and Proof-of-Stake (PoS).
• In PoW, miners solve cryptographic puzzles to validate transactions and mint new coins.
• In PoS, validators are selected based on their stake in the network.
• Unlike fiat currency, cryptocurrency issuance is not controlled by governments or market demand but by predefined blockchain protocols.

Answer: Option B - Amazon - USA

Explanation:

• Project Kuiper is a satellite broadband initiative by Amazon, aiming to deploy 3,236 satellites to provide high-speed internet globally.
• It is part of the USA’s efforts to expand broadband access, especially in remote and underserved areas.
• The project competes with SpaceX’s Starlink and other satellite internet providers.
• Amazon plans to leverage its expertise in cloud computing and infrastructure to enhance global internet connectivity.

Answer: Option A - To boost textile manufacturing and exports.

Explanation:

• The PM MITRA Parks Scheme aims to develop modern, large-scale, integrated industrial parks for the textile sector, enhancing India’s global competitiveness in textile manufacturing and exports.
• With a financial outlay of ₹4,445 crore until 2027-28, the scheme will establish seven textile parks across different states, providing world-class infrastructure and plug-and-play facilities.
• This initiative aligns with India’s goal of becoming a global hub for textile production and trade.

Answer: Option C - Ministry of Social Justice and Empowerment

Explanation:

• PM-DAKSH is a Central Sector Scheme under the Ministry of Social Justice and Empowerment, aimed at providing skill training to marginalized communities such as SCs, OBCs, EWSs, DNTs, and Safai Karamcharis, including waste pickers.
• The scheme is implemented through empanelled training institutes without state-wise fund allocation.
• It focuses on skill development, leading to wage and self-employment opportunities for the beneficiaries, enhancing their livelihoods and economic inclusion.

Answer: Option B - Agriculture is a State Subject, but the Central Government can formulate policies and schemes to support farmers.

Explanation:

• Agriculture is a State Subject under the Seventh Schedule of the Indian Constitution, meaning states have primary control over agricultural policies.
• However, the Central Government supports states through policy measures, budget allocations, and schemes such as PM-KISAN, PMFBY, and AIF.
• This ensures nationwide agricultural development while respecting the federal structure. The Centre's role is advisory and financial, helping enhance farmers' incomes and productivity.