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. Only human decision-making without algorithms
D. The complete secrecy of all 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.
Explanation:
The Capital Adequacy Ratio requires banks to hold a minimum amount of capital in proportion to their risk-weighted assets so that they can absorb losses and protect depositors.
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