India, UN signed an agreement for use of the ‘Wayfinding App’

Current Context: The Union Cabinet has approved the proposal for the signing of an agreement between the Government of India and the United Nations on a ‘Way Finding Application’ to be used in the Palais des Nations, United Nations Office at Geneva.

• The estimated financial implication for the development deployment and maintenance of the app is $2 million.
• Due to the complexity of buildings and huge participation, there was a requirement for a navigational application that can help the visitors and other delegates in finding their way inside the premises.
• This app has been designed for the UN, it is expected to significantly ease the navigation of delegates within the building.
• In addition to that, the Cabinet also approved a Memorandum of Association for the establishment of the BIMSTEC Technology Transfer Facility (TTF).
• The main objectives of the BIMSTEC TTF are to coordinate, facilitate and strengthen cooperation in technology transfer among the BIMSTEC Member States.
• It also approved an agreement on cooperation in the field of youth work among the authorized bodies of the member states Shanghai Cooperation Organization.

Question:

Q.1 Consider the following statements regarding the BIMSTEC Technology Transfer facility?
A. This initiative will help BIMSTEC countries to coordinate, facilitate and strengthen cooperation in technology.
B. It also created a platform for all BIMSTEC members to do financial transactions among them

Select the correct option given below
a. Only B
b. Both A & B
c. Only A
d. None of the above