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Q62 (IAS/2022) Science & Technology › ICT, AI, Cybersecurity & Emerging Tech › Blockchain and Web3 Official Key

With reference to Web 3-0, consider the following statements : 1. Web 3.0 technology enables people to control their own data. 2. In Web 3.0 world, there can be blockchain based social networks. 3. Web 3.0 is operated by users collectively rather than a corporation. Which of the statements given above are correct ?

Result
Your answer: —  ·  Correct: D
Explanation

The correct answer is Option 4 (1, 2 and 3). Web 3.0 represents the next evolution of the internet, characterized by decentralization, transparency, and user empowerment.

  • Statement 1 is correct: Unlike Web 2.0, where centralized corporations own user data, Web 3.0 uses decentralized identities and encryption. This allows individuals to own, manage, and even monetize their data without relying on a central authority.
  • Statement 2 is correct: Web 3.0 leverages blockchain technology to build decentralized applications (dApps). This includes social networks that operate on distributed ledgers, ensuring censorship resistance and removing the control of a single corporate entity.
  • Statement 3 is correct: Web 3.0 is governed by Decentralized Autonomous Organizations (DAOs) and peer-to-peer protocols. Instead of being controlled by a single corporation (like Google or Meta), the network is operated and maintained collectively by its users through token-based governance.

Since all three statements accurately describe the core tenets of the decentralized web, Option 4 is the right choice.

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PROVENANCE & STUDY PATTERN
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Don’t just practise – reverse-engineer the question. This panel shows where this PYQ came from (books / web), how the examiner broke it into hidden statements, and which nearby micro-concepts you were supposed to learn from it. Treat it like an autopsy of the question: what might have triggered it, which exact lines in the book matter, and what linked ideas you should carry forward to future questions.
Q. With reference to Web 3-0, consider the following statements : 1. Web 3.0 technology enables people to control their own data. 2. In Web …
At a glance
Origin: Books + Current Affairs Fairness: Low / Borderline fairness Books / CA: 3.3/10 · 6.7/10
You're seeing a guest preview. The Verdict and first statement analysis are open. Login with Google to unlock all tabs.

This is a classic 'Tech Buzzword' question derived from Science & Tech explainers (The Hindu/Indian Express) rather than static textbooks. While books cover Blockchain, the specific comparative definition of Web 3.0 vs Web 2.0 is pure Current Affairs. The strategy is to focus on the 'philosophical promise' of new tech (e.g., decentralization) rather than just technical specs.

How this question is built

This question can be broken into the following sub-statements. Tap a statement sentence to jump into its detailed analysis.

Statement 1
Does Web 3.0 technology enable individuals to control their own data?
Origin: Web / Current Affairs Fairness: CA heavy Web-answerable

Web source
Presence: 5/5
"The shift to Web 3.0 is defined by decentralization, where control is moved away from a few centralized entities to users themselves. This is a more open, transparent, and user-controlled version of the internet that empowers individuals to control their own identities and assets online."
Why this source?
  • Explicitly frames Web 3.0 as a shift of control away from centralized entities to users.
  • Says Web 3.0 empowers individuals to control their own identities and assets online.
Web source
Presence: 5/5
"Web 3.0 aims to move towards the *read/write/own* paradigm, where data creators own and control their own data and have a greater say in how it is used and managed."
Why this source?
  • Describes the 'read/write/own' paradigm meaning data creators own and control their data.
  • States Web 3.0 technologies give end users greater say in how their data is used and managed.
Web source
Presence: 4/5
"Individual users can control where their data resides instead of handing it over to a centralized infrastructure. Decentralized internet users can sell their own data if they want to."
Why this source?
  • Explains decentralization lets individual users control where their data resides instead of handing it to centralized infrastructure.
  • Notes users can sell their own data, indicating user control over data sharing/monetization.

Political Theory, Class XI (NCERT 2025 ed.) > Chapter 1: Political Theory: An Introduction > Political Theory > p. 7
Strength: 4/5
“For instance, global communications technology is making it easier for activists to network with one another across the world for protecting tribal cultures or forests. But it also enables terrorists and criminals to network. Moreover, internet commerce is all set to increase in the future. This means that the information we give about ourselves online to buy goods or services must be protected. So even though netizens (citizens of the internet) do not like government control, they recognise that some form of regulation is necessary to safeguard individual security and privacy. As a result, questions are raised regarding how much freedom should be given to people using the net.”
Why relevant

States that information given online must be protected and that users recognise a need for regulation to safeguard individual security and privacy.

How to extend

A student could combine this with basic knowledge that newer architectures (e.g., decentralised protocols) are proposed to improve privacy, and therefore investigate whether Web 3.0 designs address the protection/regulation concerns noted here.

INDIA PEOPLE AND ECONOMY, TEXTBOOK IN GEOGRAPHY FOR CLASS XII (NCERT 2025 ed.) > Chapter 7: Transport and Communication > Personal Communication System > p. 83
Strength: 4/5
“Among all the personal communication system internet is the most effective and advanced one. It is widely used in urban areas. It enables the user to establish direct contact through e-mail to get access to the world of knowledge and information. It is increasingly used for ecommerce and carrying out money transactions. The internet is like a huge central warehouse of data, with detailed information on various items. The network through internet and e-mail provides an efficient access to information at a comparatively low cost. It enables us with the basic facilities of direct communication.”
Why relevant

Describes the internet as a 'huge central warehouse of data' used for transactions and access to information.

How to extend

One could contrast this centralised data model with decentralised models often associated with Web 3.0 to assess if decentralisation would allow more individual control over such centralized data stores.

Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 7: Indian Economy after 2014 > Fourth Industrial Revolution (Industry 4.0): Present > p. 232
Strength: 4/5
“With rapid development in the fields of information technology and hardware, the world is about to witness a fourth industrial revolution i.e., Industry 4.0, which is rooted in a new technological phenomenon - digitalization. This digitalization enables us to build a new virtual world from which we can steer the physical world. While Industry 3.0 focussed on the automation of single machines and processes, Industry 4.0 concentrates on the end-to-end digitisation of all physical assets and their integration into digital ecosystems with value chain partners. Driven by the power of big data, high computing capacity, artificial intelligence and analytics, Industry 4.0 aims to completely digitise the manufacturing sector.”
Why relevant

Explains Industry 4.0 driven by big data, high computing capacity and analytics that digitise assets and integrate them into data ecosystems.

How to extend

Using basic facts about how data ecosystems function, a student can ask whether Web 3.0’s claimed technical changes (e.g., decentralisation, new identity models) would change who controls the data within these ecosystems.

Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 7: Indian Economy after 2014 > E-Commerce and Inequality > p. 243
Strength: 3/5
“They are successfully exploiting the significant first mover's advantage in the data-driven ecosystem. Once a certain scale is reached, it becomes virtually impossible for the 'second mover', on its own to, make an entry in this ecosystem.”
Why relevant

Notes that incumbents exploit first-mover advantage in a data-driven ecosystem, making entry hard for later actors.

How to extend

A student could use this pattern to probe whether Web 3.0 reduces incumbent control over data or instead reinforces existing data-holders’ dominance.

Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 15: Budget and Economic Survey > 4. Unleashing the potential > p. 447
Strength: 3/5
“This will be towards storing and sharing documents online securely, whenever needed, with various authorities, regulators, banks and other business entities.”
Why relevant

Mentions securely storing and sharing documents online with authorities and business entities.

How to extend

Combining this with basic understanding of different storage/sharing architectures, a student can evaluate whether Web 3.0 mechanisms offer users stronger direct control over such stored documents.

Statement 2
Can blockchain-based social networks exist as part of the Web 3.0 ecosystem?
Origin: Direct from books Fairness: Straightforward Book-answerable
From standard books
Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 7: Money and Banking > CRYPTOCURRENCIES > p. 160
Presence: 4/5
“A cryptocurrency is a digital money transferred over the internet. Cryptocurrencies are based on the decentralized ledger-based blockchain technology which seeks to make the currency system decentralized, unlike the present government-issued centralized form. Some popular cryptocurrencies are Bitcoin, Ethereum, etc. However, the cryptocurrencies have the following disadvantages: • These are not backed by any physical assets, unlike the gold reserve in case of fiat currencies. • It is still prone to hacking, and there have been instances of theft of Bitcoins from digital wallet, making them risky. • The anonymity in use of cryptocurrencies may actually facilitate several illegal activities like terror funding, smuggling, drugs trade, money laundering and other criminal activities.”
Why this source?
  • Describes blockchain as a decentralized ledger-based technology that enables decentralisation of systems.
  • Frames cryptocurrencies as digital applications built on blockchain, implying non‑centralised digital services can be implemented on it.
Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 2: Money and Banking- Part I > Advantages of CBDC > p. 79
Presence: 3/5
“For example, if a commercial bank collapses, then our savings could potentially be wiped out, but this would not be the case with CBDCs, which we can hold on to our own in digital form and could be as trusted as cash.• CBDCs would be as convenient as payment apps and it also benefits from the same blockchain technology (Distributed Ledger Technology) which supports crypto currency.• Payments would be faster and easier without any delay as there is no settlement issue• Legal tender-based payment which will be efficient, trusted and regulated.• Higher seigniorage due to lower cost of printing, transportation/distribution and storing paper currency.• Introduction of CBDC would lead to a more robust, efficient, trusted, regulated and legal tender-based payments option.• E-rupee would offer features of physical cash like trust, safety and settlement facility”
Why this source?
  • States that blockchain (distributed ledger technology) underpins digital payment innovations like CBDC, showing blockchain can support broader digital services.
  • Notes blockchain enables faster, permission‑less settlement, a technical property usable by non‑financial applications.
Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 7: Indian Economy after 2014 > E-Commerce and Inequality > p. 242
Presence: 3/5
“We are witnessing a new digital world. In this world, the presence of network effects means size begets size: be it an e-commerce platform, social media network or search engine. The presence of 'network effects' means that in the era of data, the larger the firm, the greater the access to potential sources of data and greater the likelihood of its success.”
Why this source?
  • Highlights the centrality of social media and network effects in the digital world, identifying social networks as a major application domain.
  • Implies that platform dynamics matter for any new social network architecture (including decentralised/blockchain variants).
Statement analysis

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Statement 3
Is Web 3.0 operated collectively by users rather than being operated by corporations?
Origin: Web / Current Affairs Fairness: CA heavy Web-answerable

Web source
Presence: 5/5
"Rather than being owned and run by corporate and government entities, Web3 would utilize blockchain technology to create records of transactions that would be owned by users themselves."
Why this source?
  • Explicitly contrasts Web3 with corporate/government ownership and operation.
  • Says Web3 uses blockchain so transaction records are owned by users themselves.
  • Describes Web3 applications as developed by users to navigate and interact on the internet.
Web source
Presence: 4/5
"Web 3.0 (also referred to as the Semantic Web) is characterized by a decentralized web of data (global database) and sophisticated interaction between devices and users."
Why this source?
  • Defines Web 3.0 as a decentralized web of data, implying distribution away from central corporate control.
  • Frames Web3 in contrast to Web2's centralized/social-web model, supporting the idea of collective/user-based operation.
Web source
Presence: 3/5
"With decentralized peer-to-peer protocols now a viable option, direct partnership channels can be established for data, technology, resource, knowledge and process sharing etc; creating opportunities for a wider"
Why this source?
  • Notes that servers are often 'owned and operated by a few large corporations' and contrasts this with decentralized peer-to-peer protocols.
  • States decentralized peer-to-peer protocols are a viable option, enabling direct channels for data and resource sharing (i.e., less corporate centralization).

Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 7: Indian Economy after 2014 > E-Commerce and Inequality > p. 243
Strength: 5/5
“• Greater access to data provides a greater digital capital to a corporation, granting it an advantage over its competitors. Without access to adequate data, MSMEs and start-ups remain at a disadvantage to develop a large number of innovative solutions.• While people had hoped that the internet era would be a tool to minimize inequality and would give greater access to a larger number of sellers, benefit smaller sellers etc., reality has been somewhat different. While consumers have had access to benefits of increased competition by way of lower prices and greater variety, selling at loss and 'cash burning' and capital burning had anti-competitive consequences.• A handful of companies today dominate the digital economy.”
Why relevant

Says a handful of companies dominate the digital economy and that access to data gives corporations an advantage.

How to extend

A student could use this pattern (corporate concentration around data) to question whether a genuinely user‑operated Web3 would overcome such concentrated data/control advantages.

Political Theory, Class XI (NCERT 2025 ed.) > Chapter 1: Political Theory: An Introduction > Political Theory > p. 7
Strength: 4/5
“For instance, global communications technology is making it easier for activists to network with one another across the world for protecting tribal cultures or forests. But it also enables terrorists and criminals to network. Moreover, internet commerce is all set to increase in the future. This means that the information we give about ourselves online to buy goods or services must be protected. So even though netizens (citizens of the internet) do not like government control, they recognise that some form of regulation is necessary to safeguard individual security and privacy. As a result, questions are raised regarding how much freedom should be given to people using the net.”
Why relevant

Notes that internet users ('netizens') distrust central control yet accept some regulation for security/privacy.

How to extend

A student might extend this to ask whether users would prefer/accept collective operation (Web3) or whether regulatory needs push toward centralized oversight by institutions or companies.

FUNDAMENTALS OF HUMAN GEOGRAPHY, CLASS XII (NCERT 2025 ed.) > Chapter 7: Transport and Communication > Cyber Space – Internet > p. 68
Strength: 3/5
“Cyberspace is the world of electronic computerised space. It is encompassed by the Internet such as the World Wide Web (www). In simple words, it is the electronic digital world for communicating or accessing information over computer networks without physical movement of the sender and the receiver... It is also referred to as the Internet. Cyberspace exists everywhere. It may be in an office, sailing boat, flying plane and virtually anywhere. The speed at which this electronic network has spread is unprecedented in human history. There were less than 50 million Internet users in 1995, about 400 million in 2000, over two billion in 2010 and about 5.4 billion in 2023.”
Why relevant

Describes cyberspace as a ubiquitous, rapidly expanding network used for communication and information access.

How to extend

A student could combine this with knowledge of decentralized technologies to assess whether the technical ubiquity of the Internet makes collective operation (Web3) feasible at scale.

Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 7: Indian Economy after 2014 > 7.12 FDI in Retail > p. 244
Strength: 4/5
“Any vendor who purchases 25% or more of its inventory from an e-commerce group company will be considered to be controlled by that e-commerce group company and thereby barred from selling on its portal.• 3. E-commerce marketplace entity will not mandate any seller to sell any product exclusively on its platform only• 4. E-commerce firm will not be allowed to influence the price of a product sold on its portal by giving incentives to particular vendors.”
Why relevant

Provides specific rules limiting how e‑commerce platforms can control sellers and prices, implying regulatory responses to platform power.

How to extend

A student could infer that existing regulatory measures target platform dominance—so testing Web3's user‑control claim requires checking whether similar regulatory or market pressures would still leave corporations in control.

Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 7: Indian Economy after 2014 > Fourth Industrial Revolution (Industry 4.0): Present > p. 232
Strength: 3/5
“With rapid development in the fields of information technology and hardware, the world is about to witness a fourth industrial revolution i.e., Industry 4.0, which is rooted in a new technological phenomenon - digitalization. This digitalization enables us to build a new virtual world from which we can steer the physical world. While Industry 3.0 focussed on the automation of single machines and processes, Industry 4.0 concentrates on the end-to-end digitisation of all physical assets and their integration into digital ecosystems with value chain partners. Driven by the power of big data, high computing capacity, artificial intelligence and analytics, Industry 4.0 aims to completely digitise the manufacturing sector.”
Why relevant

Describes Industry 4.0 and digitisation integrating physical assets into digital ecosystems driven by big data and AI.

How to extend

A student could extend this to evaluate whether the technical and economic forces (big data/AI) naturally favor centralized corporate ecosystems versus distributed, user‑governed Web3 models.

Statement analysis

This statement analysis shows book citations, web sources and indirect clues. The first statement (S1) is open for preview.

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Pattern takeaway: Emerging technology questions often test the 'Sales Pitch' or the 'Core Philosophy' of the innovation. Web 3.0 is defined by what it opposes (Centralization). If a statement aligns with the core philosophy (Decentralization/User Ownership), it is correct.
How you should have studied
  1. [THE VERDICT]: Current Affairs Sitter. If you read any 'What is Web 3.0?' explainer in 2021-22, these were the three defining bullet points.
  2. [THE CONCEPTUAL TRIGGER]: Science & Tech > IT & Computers > Evolution of the Internet (Web 1.0 vs 2.0 vs 3.0).
  3. [THE HORIZONTAL EXPANSION]: Memorize the evolution: Web 1.0 (Read-only, static); Web 2.0 (Read-Write, Platform-centric, User-generated content but Corporate-owned data); Web 3.0 (Read-Write-Own, Decentralized, Token-based); Web 5.0 (Jack Dorsey's Bitcoin-centric web). Related terms: DAO (Decentralized Autonomous Organization), Smart Contracts, Solidity.
  4. [THE STRATEGIC METACOGNITION]: In Science & Tech, UPSC asks about the 'Ideal Theoretical State' of a technology. Web 3.0 *aims* to give data control back to users. Whether it actually succeeds in practice is irrelevant; the definition is based on the intent/architecture. Always mark 'possibility' statements ('can be') as True in emerging tech.
How to study

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Concept hooks from this question
📌 Adjacent topic to master
S1
👉 Online data privacy and regulatory trade-offs
💡 The insight

Protection of personal information given online requires regulation to safeguard individual security and privacy.

High-yield for UPSC because questions often probe digital governance, privacy law and civil liberties. This concept connects to polity (rights and regulation), ethics (privacy vs. control), and public policy (data protection frameworks), enabling answers on balancing freedom and regulation in the digital age.

📚 Reading List :
  • Political Theory, Class XI (NCERT 2025 ed.) > Chapter 1: Political Theory: An Introduction > Political Theory > p. 7
🔗 Anchor: "Does Web 3.0 technology enable individuals to control their own data?"
📌 Adjacent topic to master
S1
👉 Data centralization and platform market power
💡 The insight

Data-driven ecosystems create strong first-mover advantages that can entrench platform dominance and limit newcomers' access to data.

Important for economy and public policy portions of the exam: it frames discussions on competition policy, antitrust regulation, and how digital concentration affects consumers and governance. Useful for essay and GS answers on digital economy, market structure, and regulatory remedies.

📚 Reading List :
  • Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 7: Indian Economy after 2014 > E-Commerce and Inequality > p. 243
  • Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 7: Indian Economy after 2014 > Fourth Industrial Revolution (Industry 4.0): Present > p. 232
🔗 Anchor: "Does Web 3.0 technology enable individuals to control their own data?"
📌 Adjacent topic to master
S1
👉 IoT-driven data generation in agriculture
💡 The insight

Sensors, drones and connected devices generate large volumes of farm data that are organized, accessible and used for decision-making.

Relevant to questions on agricultural modernization, technology adoption and digital infrastructure in rural policy. Mastering this helps link technology, data governance and sectoral policy responses (e.g., data ownership, farmer access, public-private partnerships).

📚 Reading List :
  • Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 11: Agriculture - Part II > Smart Farming > p. 359
  • Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 11: Agriculture - Part II > Application of Technology in Agriculture: > p. 358
🔗 Anchor: "Does Web 3.0 technology enable individuals to control their own data?"
📌 Adjacent topic to master
S2
👉 Decentralized ledger (blockchain) characteristics
💡 The insight

Blockchain is a decentralized ledger technology that enables digital services to operate without a single central controller.

High yield for UPSC because it explains how decentralised digital architectures change governance, regulation and service design; connects to cryptocurrencies, CBDC, and debates on digital public infrastructure. Mastering this helps answer questions on digital currency policy, data governance, and Web 3.0.

📚 Reading List :
  • Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 7: Money and Banking > CRYPTOCURRENCIES > p. 160
  • Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 2: Money and Banking- Part I > Advantages of CBDC > p. 79
🔗 Anchor: "Can blockchain-based social networks exist as part of the Web 3.0 ecosystem?"
📌 Adjacent topic to master
S2
👉 Network effects in digital platforms
💡 The insight

Social networks derive value from network effects, which determine platform success regardless of whether the platform is centralized or decentralized.

Important for questions on platform economics, competition policy and digital inclusion; links to issues of market concentration, regulation of big tech, and prospects for alternative (e.g., blockchain) platforms. Understanding this enables analysis of viability and policy implications of new social-network models.

📚 Reading List :
  • Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 7: Indian Economy after 2014 > E-Commerce and Inequality > p. 242
  • Geography of India ,Majid Husain, (McGrawHill 9th ed.) > Chapter 17: Contemporary Issues > Social Media > p. 92
🔗 Anchor: "Can blockchain-based social networks exist as part of the Web 3.0 ecosystem?"
📌 Adjacent topic to master
S2
👉 Blockchain as infrastructure for digital services
💡 The insight

Blockchain functions as infrastructural technology for payments and other applications, indicating it can host diverse digital services beyond cryptocurrencies.

Useful for answering policy questions on CBDC, digital payments, and the scope of Web 3.0; ties technology to practical governance and regulatory choices. Helps in evaluating feasibility and trade-offs of adopting blockchain for public and private digital platforms.

📚 Reading List :
  • Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 2: Money and Banking- Part I > Advantages of CBDC > p. 79
  • Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 2: Money and Banking- Part I > What are Crypto currencies? > p. 77
🔗 Anchor: "Can blockchain-based social networks exist as part of the Web 3.0 ecosystem?"
📌 Adjacent topic to master
S3
👉 Corporate dominance in the digital economy
💡 The insight

Digital markets are currently dominated by a handful of firms, implying platform control lies with corporations rather than being user-run.

High-yield for UPSC because questions probe market structure, monopoly power, and policy responses in the digital economy. This concept links to competition policy, public policy on platform regulation, and socio-economic inequalities created by market concentration. It enables analysis-type answers on why decentralised ideals may clash with existing corporate control.

📚 Reading List :
  • Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 7: Indian Economy after 2014 > E-Commerce and Inequality > p. 243
  • Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 7: Indian Economy after 2014 > 7.12 FDI in Retail > p. 244
🔗 Anchor: "Is Web 3.0 operated collectively by users rather than being operated by corporat..."
Micro-concepts

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🌑 The Hidden Trap

The governance layer of Web 3.0 is the DAO (Decentralized Autonomous Organization). Expect a future question on DAOs: they have no central leadership, rules are encoded in smart contracts, and voting rights are usually token-based.

⚡ Elimination Cheat Code

Use the 'Definitional Necessity' logic. If Statement 1 (User control) were false, then Web 3.0 would just be Web 2.0. The existence of a new term implies a fundamental shift in data ownership. Also, Statement 2 uses 'can be'—in Science & Tech, 'can be' is 99% True.

🔗 Mains Connection

Mains GS-3 (Internal Security & Economy): The shift to Web 3.0 makes 'Follow the Money' difficult for law enforcement. Link Web 3.0 to challenges in PMLA (Prevention of Money Laundering Act) and the 'Travel Rule' for crypto assets, as decentralized wallets have no KYC.

The Vault

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SIMILAR QUESTIONS

IAS · 2020 · Q70 Relevance score: 1.98

With reference to "Blockchain Technology", consider the following statements : 1. It is a public ledger that everyone can inspect, but which no single user 2. The structure and design of blockchain is such that all the data in it are about cryptocurrency only. 3. Applications that depend on basic features of blockchain can be developed without anybody's permission. Which of the statements given above is/are correct ?

IAS · 2021 · Q24 Relevance score: -1.25

With reference to WaterCredit', consider the following statements : 1. It puts microfinance tools to work in the water and sanitation sector. 2. It is a global initiative launched under the aegis of the World Health Organization and the World Bank. 3. It aims to enable the poor people to meet their water needs without depending on subsidies. Which of the statements given above are correct?

IAS · 2023 · Q87 Relevance score: -1.35

Consider the following statements : Statement-I : Recently, the United States of America (USA) and the European Union (EU) have launched the Trade and Technology Council'. Statement-II : The USA and the EU claim that through this they are trying to bring technological progress and physical productivity under their control. Which one of the following is correct in respect of the above statements?