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14th June 2022 (7 Topics)

14th June 2022

QUIZ - 14th June 2022

5 Questions

5 Minutes

Mains Question:

Q1. What do you understand by Web 5.0? Do you think that it has the potential to create decentralised web and also provide protection to data and identity? (150 words)

Approach

  • Introduction- define Web 5.0
  • Discuss how is it different from web 3
  • Need to protect data and identity and role of Web 5.0
  • Benefits
  • Issues/challenges
  • Conclude accordingly

Editorials

Global food prices are characterised by year-­to­-year volatility and periodic sharp spikes. The crisis can emerge in the form of food shortages, trade disruptions, a rise and spread in hunger and poverty levels, a depletion of foreign exchange reserves for net food importing countries etc.  Because of these widespread ramifications of food price shocks, it becomes imperative to understand the real causes of such shocks and devise effective mechanisms to deal with them.

Crises and history

  • Food Price crises- Historical data on food prices compiled by international agencies such as the Food and Agriculture Organization of the United Nations, the World Bank/International Monetary Fund show that since the onset and the adoption of Green Revolution technology in the early 1960s, the world has been struck thrice by food price crises.
  • Triggered by factors outside agriculture - All the three food price crises during 1973­1976, 2007­12, and the recent one which began towards the end of 2020 have one thing in common — they were triggered by factors outside agriculture.
  • Stronger severity of shock- The interval between two consecutive price shocks has narrowed down considerably and the severity of shock is turning stronger.
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