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Under which fund has TDB extended support to the AI-ELINT project, and in what form?

  1. A.Research, Development and Innovation Fund, as Optionally Convertible Debt
  2. B.National Investment and Infrastructure Fund, as an outright grant
  3. C.Startup India Seed Fund, as equity
  4. D.Production Linked Incentive scheme, as a subsidy

Correct answer

A. Research, Development and Innovation Fund, as Optionally Convertible Debt

Explanation

The correct answer is the Research, Development and Innovation (RDI) Fund, as Optionally Convertible Debt. The Technology Development Board is giving the money through this fund, and the instrument chosen is debt that may later be converted into equity, which lets the Board support a deep technology firm without taking a shareholding at the outset. Option B is wrong because the infrastructure fund named there has no role in this agreement, and the support is not an outright grant. Option C is wrong because the seed fund mentioned is a separate scheme and the support here was not given as equity. Option D is wrong because the incentive scheme named rewards manufacturing output and is not the route used. The project is classed in the deep technology sector with space technology as its sub-sector, and seeks to move the systems from technology readiness level four to level nine.

Read the full article: TDB Gives Rs 64.05 Crore for Astrome AI-ELINT Satellite Project

Q1.Science & TechnologyEasy

How much support has the Technology Development Board agreed to give Astrome Technologies for the AI-ELINT constellation?

  1. A.Rs 128.11 crore
  2. B.Rs 64.05 crore
  3. C.Rs 46.50 crore
  4. D.Rs 640.5 crore
Show answer
Correct answer: B. Rs 64.05 crore

That is the financial support the Technology Development Board, which works under the Department of Science and Technology, has agreed to give Astrome Technologies Private Limited of Bengaluru from the Research, Development and Innovation Fund, and it is being given as Optionally Convertible Debt.

Q3.Science & TechnologyHard

On the sidelines of ITU PP-26, the Indian minister met delegations from which three countries?

  1. A.Malaysia, Iran and Uzbekistan
  2. B.Qatar, Oman and Egypt
  3. C.Malaysia, Indonesia and Kazakhstan
  4. D.Iran, Iraq and Turkmenistan
Show answer
Correct answer: A. Malaysia, Iran and Uzbekistan

On the margins of the conference Dr Chandra Sekhar Pemmasani held meetings with delegations from these three countries, and the discussions covered cross-border cyber fraud, the security of digital infrastructure and cooperation in quantum technology.