| Demonenonetization has led to a boom in e business. It has proved to be a boon for e-business. In this cashless economy, people have started relying on digital cash. Usage of debit cards, credit cards has increased a great deal. People are ordering more and more goods using e shopping. Amazon, Flipcart, Paytm have become a way of life. Small shopkeepers, street hawkers and peddlars are also accepting payments through e-cash. India is becoming digital economy. |
| (a) What are the factors that have led to popularization of e business with demonetization? |
| (b) How are payments through digital cash useful for the business world? |
Answer:
Ans. (a) (i) Increasing use of net (ii) Non cash mode of payment (b) (i) It is easy to maintain records (ii) It is easy to expend business at larger scale
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