CUET Preparation Today
Which of the following statements is true in regards to "Demonetization"? Statement 1- On November 8, 2015, the government announced a historic measure, with profound implications for the economy. Statement 2- Two largest denomination notes of 1,000 and 2,000 were demonetized with immediate effect. |
Only statement 1 is true Only statement 2 is true Both statement 1 and statement 2 are true Neither statement 1 nor statement 2 is true |
Neither statement 1 nor statement 2 is true |
The correct answer is Option 4: Neither statement 1 nor statement 2 is true Statement 1- On November 8, 2015, the government announced a historic measure, with profound implications for the economy. Incorrect. On November 8, 2016, the government announced a historic measure, with profound implications for the economy. Statement 2- Two largest denomination notes of 1,000 and 2,000 were demonetized with immediate effect. This is incorrect. Two largest denomination notes of 1,000 and 500 were demonetized with immediate effect. |
