When did the Government of India take a

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Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Money and Banking

Question:

When did the Government of India take a decision to demonetize the currency notes of Rs.500 and Rs.1000?

Options:

October 2016.

September 2016.

December 2016.

November 2016.

Correct Answer:

November 2016.

Explanation:

The correct answer is Option (4) → November 2016.

The Government of India announced the demonetization of ₹500 and ₹1000 currency notes on the evening of 8th November 2016.