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

What is meant by “credit rating”?

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What does the term “elasticity of demand” measure?

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What is the objective of the Goods and Services Tax (GST)?

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What is meant by “structural unemployment”?

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Which of the following causes demand-pull inflation?

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What does “balance of trade” refer to?

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What is “open market operations” (OMO)?

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What is the meaning of “dumping” in international trade?

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What does “inclusive banking” mean?

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What is the objective of the Pradhan Mantri Jan Dhan Yojana?

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