GS SCORE

27th June 2022 (6 Topics)

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27th June 2022

QUIZ - 27th June 2022

5 Questions

5 Minutes

Mains Question:

Q1. Distinguish between a recession and a depression. Explain the impact of these two economic constriction. (150 words)

Approach

Introduction- briefly define recession and depression
Discuss the differences
- severity, duration, and scale

Recession	Depression
lasts for months signaled by a drop in employment, retail sales, manufacturing, and income	lasts for years mention (mention Great Depression 1929 to 1939) A depression's effects on the economy can last for decades

Causes
- A sudden economic shock
- Excessive debt
- Too much inflation
- Too much deflation
- Technological change
Discuss impact on the economy
Conclude accordingly

Editorials

Implications of India's new VPN rules

Polity & Governance

Context:

India’s cyber security watchdog Computer Emergency Response Team (CERT-In) had issued a new set of rules for the VPN companies to store personal data of the users. Amidst strong pushback from various concerns, central government had told the companies to either comply with the rules or exit from India.

What are the new sets of rules?

Storage of Information: VPN companies are advised to store the personal information of the users, like, name, email-id, phone number and IP address for a period of 5 years.
Mandate for other data service provider: Apart from VPN companies, new sets of rules have also mandated data centers, virtual service network providers and cloud service providers to record and maintain similar data in the form of KYC.
Mandate for virtual asset providers: Virtual asset service providers, virtual asset exchange providers and custodian wallet providers have the obligations to record same set of data for the same period of time along with financial transactional records.

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GS Analyst: Daily Current Affairs

27th June 2022 (6 Topics)

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GS Analyst: Daily Current Affairs

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