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

Which organization publishes the Human Development Index (HDI)?

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

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What is a “repo rate”?

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Which of the following is a characteristic of “perfect competition”?

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What is the meaning of “supply-side economics”?

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Which of the following is a feature of monopolistic competition?

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What is “fiscal stimulus”?

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

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

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Which of the following best describes “capital formation”?

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