The concept of 'Algorithmic Transparency' refers to: MCQ with Answer and Explanation

The concept of 'Algorithmic Transparency' refers to:
A. Only the source code of open-source software
B. The degree to which the functioning, criteria and effects of algorithms used by platforms or public authorities can be understood and scrutinised
C. The complete secrecy of all algorithms
D. Only human decision-making without algorithms
Answer: Option B
Solution (By JKSSB Mock Tests)
Algorithmic transparency concerns the extent to which the logic, data and outcomes of algorithmic systems are open to inspection, explanation and accountability by users, regulators or the public.

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Practice More Economy Set 1 Questions

Question #1
The concept of 'Green Bonds' refers to:
A. Only conventional government bonds
B. Debt instruments whose proceeds are earmarked for environmentally beneficial projects
C. Only short-term money-market instruments
D. Only high-yield corporate bonds

Correct Answer: Option B


Explanation:
Green bonds are fixed-income securities issued to raise capital specifically for projects that have positive environmental or climate benefits, with proceeds tracked and reported accordingly.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Zero Defect Zero Effect' scheme is associated with:
A. health
B. manufacturing and quality standards in MSMEs
C. defence
D. agriculture

Correct Answer: Option B


Explanation:
Zero Defect Zero Effect promotes quality and environmental standards in MSMEs.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'second phase of bank nationalization' in India took place in which year?
A. 1991
B. 1998
C. 1980
D. 1969

Correct Answer: Option C


Explanation:
Six more banks were nationalized in 1980.

This question belongs to: Economy GK Economy Set 1