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Home Questions JJU55H369G
Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:

Which of the following option shows the objective of "Demonetization"?

Options:

To curb corruption

To finish black money market

To control counterfeiting

All of the above

Correct Answer:

All of the above

Explanation:

Demonetization is an act to cease a currency unit or to put an official stop on its status as a legal tender. The aim/objectives of Demonetisation are:

  1. Curb corruption
  2. Control counterfeiting (counterfeiting can be understood as fake currency)
  3. Stop use of currency for illegal activites
  4. To finish black money market

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