6. Monetary Policy & Banking - AW

Question 1

What is Digital Public Infrastructure (DPI) and why is it significant for India?

Answer 1

Digital Public Infrastructure (DPI) refers to digital tools, systems, and solutions established and maintained by governments or public entities to enable digital interactions, services, and operations for the benefit of the public. It is significant for driving digital inclusion and economic transformation in India.

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Question 2

How does DPI drive economic transformation for businesses and citizens?

Answer 2

DPI protects individuals and businesses from monopolistic practices, enables inclusive e-commerce, financial inclusion (e.g., JAM trinity), modernizes agriculture, supports digital education, fast-tracks project monitoring, reforms tax administration, and facilitates seamless logistics and secure data sharing.

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Question 3

Cloze: UPI was developed to counter data colonization by ____ and promote inclusive e-commerce through platforms like ____.

Answer 3

VISA; ONDC

[page 4]

Question 4

Cloze: Only ____% of women own a mobile phone compared to over ____% of men, as per the Oxfam report.

Answer 4

32%; 60%

[page 5]

Question 5

Cloze: Examples of DPI in India include ____, ____, and ____, which enable digital education and project monitoring.

Answer 5

SWAYAM, Diksha, PM-Gati-Shakti portal

[page 5]

Question 6

List all the key keywords and boxed terms related to Digital Public Infrastructure (DPI).

Answer 6

Keywords:
* Digital Public Infrastructure (DPI),
* digital inclusion,
* UPI,
* ONDC,
* JAM trinity,
* OCEN,
* Agri-stack,
* Land Record Modernization,
* SWAYAM,
* Diksha,
* PM-Gati-Shakti,
* GSTN,
* ICEGATE,
* FASTag,
* ULIP,
* DEPA,
* e-Shram,
* Udhyam,
* digital have nots,
* digital literacy,
* PMGDISHA,
* Bharat Net,
* PM WANI,
* open standards,
* interoperability,
* cybersecurity.

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Question 7

What are the main issues and challenges associated with DPI? (Bullet points, keywords only)

Answer 7

• Digital exclusion (gender gap, urban bias)
• Lack of supporting infrastructure
• Digital frauds, data breaches
• Centralization, cyber-attacks
• Surveillance concerns

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Question 8

What are the main solutions to address DPI challenges? (Bullet points, keywords only)

Answer 8

• Data protection, privacy, informed consent
• Anchor institutions (UIDAI)
• User-centric, phygital approach
• Data localization, domestic infrastructure
• Digital literacy campaigns (PMGDISHA)
• Broadband expansion (Bharat Net, PM WANI)
• Open standards, interoperability
• Cybersecurity strategies

[page 5]

Question 9

What is the way forward for harnessing DPI’s potential? (Bullet points, keywords only)

Answer 9

• Balance digital empowerment and rights
• Safeguard privacy and security
• Foster competitive digital ecosystem
• Expand access and inclusion

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Question 10

List 4-5 value addition points that provide an edge in understanding DPI.

Answer 10

• DPI as a tool for democratizing technology
• Role in bridging rural-urban digital divide
• DPI’s impact on financial and social inclusion
• DPI as a model for other developing nations
• Emphasis on user-centric and secure design

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