Read the following passage and answer the question :

A cashless society describes an economic state where by financial transactions are not  connected with money in the form of physical bank notes or coins but rather through the transfer of digital information between the transaction parties. In India Government has been consistently investing in various reforms for greater financial inclusion. During the least few year an initiatives such as Jan Dhan accounts, Adhar enabled payment system, e-wallets, National Financial switch and others have strengthened the Government resolve to go cashless. Today, financial inclusion is seen as a realistic dream.

Which among the following is not an initiative of the Government to go cashless ?

Demonetisation

The correct answer is option (2) : Demonetisation

1 In the given passage , the initiatives undertaken by the Indian government to promote a cashless economy are mentioned.

2 Among the options provided 'Demonitisation" is not an initiative to promote a cashless economy. Demonetisation was a new initiative taken by the Government of India in November 2016 to tackle the problem of corruption, black money, terrorism and circulation of fake currency in the economy. Demonetisation is a process where the current currency ceases to be a legal tender. Demonetisation involved removing high-value currency notes from circulation. While it may have indirectly encouraged people to use cashless options due to a shortage of cash, it wasn't a direct initiative to promote cashless transactions itself.