Context:
Recently, the Reserve Bank of India released its Report on Currency and Finance (RCF) for the year 2023-24, highlighting India’s role in the global digital revolution.
Key Highlights:
- India is at the forefront of global digital transformation, with the digital economy currently accounts for 1/10th of India’s GDP.
- In 2023, internet penetration in India reached 55%, with an increase of 199 million internet users over the past 3 years.
- India has one of the highest mobile data consumption rates in the world, with an average per-user, per-month mobile data consumption of 24.1 GB in 2023.
- India has about 750 million smartphone users, a number expected to reach approximately 1 billion by 2026.
- India is on track to become the 2nd-largest smartphone manufacturer within the next five years.
- India has the world’s 3rd-largest startup ecosystem, with over 1.4 lakh startups and more than 100 unicorns.
- India ranks 1st in biometric-based identification (Aadhaar) and real-time payments volume and 2nd in telecom subscribers.
Source: The Indian Express
Previous Year Question
With reference to ‘National Investment and Infrastructure Fund’, which of the following statements is/are correct?
1. It is an organ of NITI Aayog.
2. It has a corpus of 4, 00,000 crore at present.
Select the correct answer using the code given below:
[UPSC Civil Service Exam – 2017 Prelims]
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer: (d)
Explanation:
Statement 1 is not correct. ‘National Investment and Infrastructure Fund’ was set up under SEBI.
Statement 2 is not correct. It has a corpus of 40000 crore.
