Question 20 of 35
Q.In 2016, Demonetization of currency includes denominations of ________.
(a) ₹ 1000 and ₹ 2000
(b) ₹ 200 and ₹ 500
(c) ₹ 500 and ₹ 1000
(d) All the above
Tamil Nadu DgeTamil Nadu HSC (DGE) Commerce Board 2023MCQ· 1mImportance★★★★★
57% · 20/35 Questions
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Start your 14-day free trial to unlock the full solution →The 2016 demonetisation withdrew ₹500 and ₹1000 notes, so option (c) is correct.
In the money-and-monetary-economics topic of the Tamil Nadu HSC Commerce syllabus, demonetisation is the act of stripping a currency unit of its status as legal tender. On 8 November 2016, the Government of India demonetised the ₹500 and ₹1000 currency notes to curb black money, counterfeit currency and to push towards a less-cash economy. …
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