In a television address, Prime Minister Narendra Modi had announced the demonetisation initiative at 8 pm on November 8, 2016 to fulfil which of the following objectives?
- To curb corruption
- To identify crypto holders who were evading taxes
- To reduce terrorism
- To stop accumulation of black money
Answer & explanation
Correct answer: option 3
The correct answer is option 3: 1, 3 and 4
The following 4 objectives were kept in mind before announcing demonetization:
- checking terror-funding by Pakistan
- printing of counterfeit currency
- black money
- corruption