Topic Details (Notes format)

Digital Economy and E-Governance

Subject: Economics

Book: Comprehensive Indian Economy

India’s digital economy spans fintech, e-commerce, digital payments (UPI), and expanding broadband access. Initiatives like Digital India enhance online services in governance, health, and education. Key aspects include data protection legislation, cyber-security infrastructure, and bridging rural digital divides. E-governance fosters transparency through online portals, reducing corruption. For exam readiness, highlight how digital growth can propel service exports and boost financial inclusion, but also note potential job displacements. Expect questions on frameworks like Aadhaar, data privacy challenges, and how bridging the urban-rural digital gap fosters inclusive development.

Practice Questions

Which economic concept is described as “the next best alternative foregone”?

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Which of the following is NOT part of the World Bank Group?

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What is the term for the ability of an economy to produce more output from the same inputs?

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Which of the following is an example of a non-renewable resource?

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What is “fiscal stimulus”?

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Which term refers to an economy that has elements of both capitalism and socialism?

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What is the primary purpose of Special Economic Zones (SEZs)?

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What is “quantitative easing”?

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What does the term “capital account” refer to in the balance of payments?

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Which of the following measures can reduce a trade deficit?

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