Topic Details (Notes format)

Financial Literacy and Inclusion

Subject: Economics

Book: Comprehensive Indian Economy - Additional Topics

Financial literacy ensures informed choices about savings, credit, and insurance. It underpins effective usage of Jan Dhan accounts, PMJJBY, PMSBY, and digital payment apps. Government and RBI-led drives encourage awareness workshops, school-level curricula, and multimedia campaigns. For exam readiness, stress how bridging financial literacy gaps fosters healthier borrowing habits, reduces fraud vulnerability, and leads to higher economic participation among low-income households.

Practice Questions

What is “inclusive growth”?

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What does the term “national income” refer to?

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

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What does the “Human Development Index” measure?

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Which of the following best describes “capital formation”?

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What is “open market operations” (OMO)?

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What is the meaning of “disguised unemployment”?

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What is meant by “marginal propensity to consume”?

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What is the term for the price at which demand and supply in a market are equal?

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

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