The Wassenaar Arrangement is a multilateral export control regime and plays a significant role in promoting transparency and greater responsibility in transfers of conventional arms and dual-use goods and technologies. It has decided to admit India as its new member which would enhance its credentials in the field of non-proliferation despite not being signatory to Non-Proliferation Treaty.

A software developer called Satoshi Nakamoto proposed bitcoin, which was an electronic payment system based on mathematical proof. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees. Bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. Bitcoin is created digitally, by a community of people that anyone canjoin. Bitcoins are ‘mined’, using computing power in a distributed network.This network also processes transactions made with the virtual currency, effectively making bitcoin its own payment network.The bitcoin protocol –the rules that make bitcoin work –say that only 21 million bitcoins can ever be created by miners. However, these coins can be divided into smaller parts (the smallest divisible amount is one hundred millionth of a bitcoin and is called a ‘Satoshi’, after the founder of bitcoin). Bitcoin stores details of every single transaction that ever happened in the network in a huge version of a general ledger, called the blockchain.

Airtel Payments Bank has become the first payments bank in India to integrate the Unified Payments Interface (UPI) on its digital platform.

IDBI Bank has launched ‘Project Nishchay’ in partnership with the Boston Consulting Group (BCG) to accelerate its turnaround program and improve financial performance. BCG will assist us to identify areas for cost containment and revenue maximization leading to sustainable growth and profitability of the Bank.

Almost all the options are in support with the passage. As B underlines the main cause, it is the strongest argument among all the given options.