Q. The Karnataka government has tied up with which tech giant to develop India’s first Farm Price Forecasting Model?
Answer: Microsoft
Notes: The Karnataka Government has signed a Memorandum of Understanding (MoU) with software giant Microsoft India to develop a unique “farm price forecasting model” using latest IT tools in a bid to help farmers, administrators and other stakeholders to understand the market behaviour in advance. The proposed initiative is said to be the first-of-its-kind in the country as it is a multi-variate one that takes into consideration various factors beyond the conventional supply-demand equation while forecasting the prices for crops. It will examine a slew of related factors including weather, rainfall and external factors that impact market behaviour. The model is expected to be in place for major crops by next kharif crops.
This question is part of Current Affairs Daily 20 MCQ Series Course on GKToday Android app.
