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

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

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Which of the following best describes “capital formation”?

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What is the significance of “Purchasing Power Parity” (PPP)?

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What does “inclusive banking” mean?

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Which of the following is NOT an example of a direct tax?

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Which of the following is a feature of a command economy?

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What is “inflation targeting”?

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Which of the following causes demand-pull inflation?

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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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