Which of the following is a feature of 'Open-Source' models of innovation? MCQ with Answer and Explanation

Which of the following is a feature of 'Open-Source' models of innovation?
A. Only closed innovation within a single firm
B. Collaborative development in which the source code or design is made publicly available and can be modified and redistributed
C. Complete proprietary control of all code
D. Only government-mandated standards
Answer: Option B
Solution (By JKSSB Mock Tests)
Open-source models rely on the public availability of source code or designs, enabling collaborative improvement, redistribution and the emergence of communities of developers around shared resources.

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Practice More Economy Set 1 Questions

Question #1
The 'National Digital Library of India' provides:
A. banking services
B. land records
C. digital educational resources
D. passport services

Correct Answer: Option C


Explanation:
National Digital Library of India provides digital educational resources.

This question belongs to: Economy GK Economy Set 1
Question #2
The International Monetary Fund and the World Bank were established at:
A. the Bretton Woods Conference
B. the UN General Assembly
C. the Geneva Conference
D. the Doha Round

Correct Answer: Option A


Explanation:
The IMF and World Bank were established at the Bretton Woods Conference in 1944.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'National Education Policy 2020' aims to increase public investment in education to what percentage of GDP?
A. 8%
B. 10%
C. 3%
D. 6%

Correct Answer: Option D


Explanation:
NEP 2020 aims to increase public investment in education to 6% of GDP.

This question belongs to: Economy GK Economy Set 1