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 “open market operations” (OMO)?

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What is the term for goods that are used together, such as cars and fuel?

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What is meant by “crowding out” in economics?

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

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What is the concept of “invisible hand” associated with?

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What is the main purpose of monetary policy?

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What is a “repo rate”?

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What is the main aim of the “Startup India” initiative?

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Which of the following is an example of fiscal policy?

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What is the main function of the Reserve Bank of India (RBI)?

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