In which of the following areas can GPS technology be used ?
- 1. Mobile phone operations
- 2. Banking operations
- 3. Controlling the power grids
Select the correct answer using the code given below :
1 only
2 and 3 only
1 and 3 only
1, 2 and 3
Answer is Wrong!
Answer is Right!
This question was previously asked in
UPSC IAS – 2018
2. Banking operations: While not used for the transaction itself, GPS time synchronization is crucial for the infrastructure supporting banking, particularly for high-frequency trading, synchronizing transactions across distributed systems, and time-stamping financial data accurately. Location services can also be used for fraud detection or locating services.
3. Controlling the power grids: GPS provides highly accurate timing signals used by devices like Phasor Measurement Units (PMUs) for synchronized measurements (synchrophasors) across the power grid. This precise timing is essential for real-time monitoring, control, and stability analysis of large power systems.
Thus, GPS technology has applications in all three listed areas.