Data Science Laboratory

Question: By whom it was decided to set up a data science laboratory recently?
(a) Department of Atomic Energy
(b) Reserve Bank of India
(c) Department of Ocean Development
(d) Department of Space
Answer: (b)
Related Facts:

  • On 5th April, 2018; Data Science Laboratory has been decided to be set up a by the Reserve Bank of India.
  • Apart from experts in this laboratory, such analysts will also be included who will be experts in computer science, data analysis, statistics, economics and finance sector.
  • This laboratory will start in December this year.
  • Establishment of this laboratory will improve the system of estimating financial status, issuing warnings and will help in policy formulation.

Reference:
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=43574