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Home Questions 8GJCC2YGEJ
Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

Which of the following is an impact of demonetisation?

A) Private wealth declined
B) Digital transactions amongst new users increased
C) Public sector wealth decreased
D) Real estate Prices declined 
E) Decline in cash transactions

Choose the correct answer from the options given below.

Options:

A, B, D and E only

A, B and D only

A, C, D and E only

B, C, D and E only

Correct Answer:

A, B, D and E only

Explanation:

The correct answer is option 1.

IMPACT OF DEMONETISATION

1. Money/Interest rates i. Decline in cash transactions
ii. Bank deposits increased
iii. Increase in financial savings
2. Private wealth Declined since some high demonetised notes were not returned and real estate prices fell
3. Public sector wealth No effect
4. Digitisation Digital transactions amongst new users (RuPay/AEPS) increased
5. Real estate Prices declined
6. Tax collection Rise in income tax collection because of increased disclosure

 

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