DAILY CURRENT AFFAIRS IAS | UPSC Prelims and Mains Exam – 9th October 2023
Archives (PRELIMS & MAINS Focus) Abort Mission 1(TV-D1) Syllabus Prelims –SCIENCE AND TECHNOLOGY-SPACE Context: The Indian Space Research Organisation (ISRO) has started preparing for the flight test Vehicle Abort Mission 1(TV-D1) for the Gaganyaan mission. Background:- The Space Agency has said that the unmanned flight tests for the Gaganyaan mission will commence soon. ISRO will also test the efficacy of the Crew Escape System which is a crucial part of the Gaganyaan mission, resulting in unmanned and manned missions to outer space by 2024. About Abort Mission 1(TV-D1):- Conducted by: The Indian Space Research Organization (ISRO). Objective: to ensure crew safety during the Gaganyaan mission. The abort missions are meant to test the systems that can help the crew escape from the spacecraft mid-flight in case of a failure. ISRO has developed test vehicles for the abort missions. These can send the systems up to a certain height, simulate failure, and then check the escape system. Test Vehicle (TV-D1) is the first development flight. The Test Vehicle is a single-stage liquid rocket. Payloads: consist of the Crew Module (CM) and Crew Escape Systems (CES) with their fast-acting solid motors, along with CM fairing (CMF) and Interface Adapters. Escape system is designed with five “quick-acting” solid fuel motors with a high burn rate propulsion system, and fins to maintain stability. The Crew Escape Systems (CES) will separate from the crew module by firing explosive nuts. Mission plan:- This flight will simulate the abort condition during the ascent trajectory corresponding to a Mach number of 1.2 encountered in the Gaganyaan mission. CES with CM will be separated from the Test Vehicle at an altitude of about 17 km. Subsequently, the abort sequence will be executed autonomously commencing with the separation of CES and deployment of the series of parachutes. Finally, culminating in the safe touchdown of CM in the sea, about 10 km from the coast of Sriharikota. Significance:- The success of this test flight will set the stage for the remaining qualification tests and unmanned missions, leading to the first Gaganyaan mission with Indian Astronauts. It will help ISRO focus on perfecting the system that will launch and land Indians on missions to space and protect the astronauts if the mission fails. MUST READ: Space Economy of India SOURCE: AIR PREVIOUS YEAR QUESTIONS Q.1) Which one of the following countries has its own Satellite Navigation System? (2023) Australia Canada Israel Japan Q.2) Consider the following statements: (2023) Ballistic missiles are jet-propelled at subsonic speeds throughout their flights, while cruise missiles are rocket-powered only in the initial phase of flight. Agni-V is a medium-range supersonic cruise missile, while BrahMos is a solid-fuelled intercontinental ballistic missile. Which of the statements given above is/are correct? 1 only 2 only Both 1 and 2 Neither 1 nor 2 Card-on-file tokenization facility Syllabus Prelims –ECONOMY Context: The RBI recently, announced the introduction of a card-on-file tokenization facility at the issuer bank level. Background:- Currently, Card-on-File (CoF) tokens can only be created through merchant applications or on the webpage of the e-commerce website. Given the growing acceptance and benefits of tokenization of card data, it is now proposed to introduce Card-on-File Tokenisation (CoFT) creation facilities directly at the issuer bank level. About card-on-file tokenization facility:- The central bank introduced Card-on-File Tokenization (CoFT) in September 2021 and began implementation on October 1, 2022. Objective: to enhance convenience for cardholders in getting tokens created and linking them to their existing accounts with e-commerce applications. Tokenization is the replacement of actual credit and debit card details with an alternate code called the “token”, which will be unique for a combination of card, token requestor, and device. A CoF transaction occurs when a cardholder authorizes a retailer to store the cardholder’s Mastercard or Visa payment information. The cardholder then authorizes the business to charge the stored Mastercard or Visa account. Card information is typically stored in the systems of e-commerce companies, airlines, and supermarket chains. Significance: The move will facilitate the creation and linking of tokens to cardholders’ existing accounts with e-commerce applications. Benefits of tokenization:- Enhanced safety and security: It eliminates the risk of storing card details online and ensures the uncompromised convenience of storing customer’s token details on the merchant site. Quicker checkouts: Tokenized Mastercard will allow the convenience of quick checkouts as one doesn’t need to punch in the card number for each purchase. No more ‘False Declines’: Many times, legitimate online payments using valid cards are declined on the grounds of the transaction looking like a fraud. With tokenization, this becomes a thing of the past as the usage of tokens for payments confirms the security of the highest order. Easy card management: With tokenization, one can also keep track of all their cards and the merchants they have been tokenized with. No need for a physical card Added benefits: Tokenization also comes with cashback benefits when secured with platforms like Amazon, Paytm, Swiggy, etc. MUST READ: Open Network for Digital Commerce (ONDC) SOURCE: BUSINESS LINE PREVIOUS YEAR QUESTIONS Q.1) With reference to the Indian economy, consider the following statements: If the inflation is too high, the Reserve Bank of India (RBI) is likely to buy government securities. If the rupee is rapidly depreciating, RBI is likely to sell dollars in the market. If interest rates in the USA or European Union were to fall, that is likely to induce RBI to buy dollars. Which of the statements given above are correct? (2022) 1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3 Q.2) With reference to Non-Fungible Tokens (NFTs), consider the following statements: They enable the digital representation of physical assets. They are unique cryptographic tokens that exist on a blockchain. They can be traded or exchanged at equivalency and therefore can be used as a medium transactions of commercial Which of the statements given above are correct? (2022) 1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3 Stratospheric aerosol injection (SAI)
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