Which of the following is a feature of the 'Data Portability' right? MCQ with Answer and Explanation

Which of the following is a feature of the 'Data Portability' right?
A. Only the right to delete data
B. The right of individuals to receive their personal data in a structured, commonly used format and to transmit it to another controller
C. The complete prohibition on data transfers
D. Only the right of platforms to retain all data
Answer: Option B
Solution (By JKSSB Mock Tests)
Data portability, recognised in the GDPR and similar laws, allows individuals to obtain their personal data in a machine-readable format and to transfer it to another service provider, thereby reducing lock-in.

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Practice More Economy Set 1 Questions

Question #1
The concept of 'Sustainable Finance' encompasses:
A. Financial activities that take environmental, social and governance (ESG) factors into account in investment decisions
B. Only government budgetary finance
C. Only maximising short-term financial returns without regard to externalities
D. Only microfinance in rural areas

Correct Answer: Option A


Explanation:
Sustainable finance refers to the process of taking environmental, social and governance considerations into account when making investment decisions, with the aim of supporting long-term sustainable economic activities.

This question belongs to: Economy GK Economy Set 1
Question #2
A firm under perfect competition is a price taker because:
A. it differentiates its product
B. there are many buyers and sellers and the product is homogeneous
C. there are high barriers to entry
D. it controls the entire market

Correct Answer: Option B


Explanation:
In perfect competition, many sellers produce a homogeneous product, so no single firm can influence price.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Goods and Services Tax' on Pradhan Mantri Suraksha Bima Yojana premium is:
A. 0%
B. 18%
C. 5%
D. exempt

Correct Answer: Option D


Explanation:
PMSBY premium is exempt from GST.

This question belongs to: Economy GK Economy Set 1