Question

How does e-governance contribute to creating a superior business environment?

• A. By increasing bureaucracy and regulations.
• B. By streamlining cooperation and improving interaction between government and businesses.
• C. By limiting access to government procurement for local businesses.
• D. By reducing the competitiveness of the market.

Answer 1

Answer:

B. By streamlining cooperation and improving interaction between government and businesses.

• Simplified Procedures: E-governance uses technology to simplify complex and time-consuming government procedures for businesses, such as applying for licenses, permits, and clearances. This reduction in red tape makes it easier and faster for businesses to operate and grow.

• Increased Transparency: By providing access to government information and processes online, e-governance reduces opportunities for corruption and favoritism. This creates a fairer and more predictable environment for all businesses, regardless of their size or connections.

• Improved Communication: Digital platforms facilitate better and more direct communication between businesses and government agencies. This allows for faster resolution of issues and more efficient exchange of information, which is crucial for a dynamic business environment.

• New Market Opportunities: Initiatives like e-procurement open up government contracts to a broader range of local businesses, making the bidding process more competitive and accessible. This stimulates economic growth and innovation.