7x-1
100
4
1- x
2x -
7
2
3x + 4
= 4
3x + 5
Answers
Answer:
economy is the economy in which physical paper cash will become redundant and all the citizens use smartphones and cards to pay for their transactions. But achieving a fully cashless economy needs a lot of up-gradation of digital infrastructure as well as conducting educational and awareness campaigns for people across the country, especially in rural and economically backward areas.
In the view of making India a cashless economy, Prime Minister Narendra Modi had announced demonetisation of Rs. 500 and Rs. 1000 denomination notes from the country in the year 2016. This led to an increase in online cash transaction in the country by 10 folds. But still, India is not a truly cashless economy. Business across the spectrum increasingly adopted cashless transactions in the view of the changing trends in the country, as a result of which many unicorn startups were given birth to, such as Paytm and phonepe in India.
While there are plenty of benefits for a cashless economy like the ease of transaction, curbing corruption and black money, there are many down comings as well. Some of which is lack of trust in digital transactions, hacking and theft frauds. The government should address these problems immediately with proper resources to make India a truly digital and cashless economy