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 does “primary sector” of the economy include?

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What is “quantitative easing”?

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What does the “Human Development Index” measure?

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Which of the following factors is NOT included in the calculation of Human Development Index (HDI)?

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Which of the following is an example of a renewable resource?

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Which of the following is an example of a non-renewable resource?

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What is meant by “structural unemployment”?

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What is a “repo rate”?

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What is the purpose of the "Minimum Support Price" (MSP) in India?

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What is the primary role of the Securities and Exchange Board of India (SEBI)?

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