The concept of 'Data Trusts' or 'Data Commons' explores:
A. Only government ownership of all personal data
B. Institutional arrangements in which data is stewarded collectively for the benefit of a defined community of stakeholders
C. Only private ownership of all data by platforms
D. The complete free-for-all of unregulated data markets
Answer: Option B
Solution (By JKSSB Mock Tests)
Data trusts and data commons are emerging institutional models that seek to govern data as a shared resource, with trustees or collective bodies responsible for managing access and use in accordance with the interests of the data subjects or community.
Explanation:
Core inflation is a measure of inflation that excludes volatile items such as food and fuel prices to give a better picture of underlying inflation trends.
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