CUET Preparation Today
In the question given below, there are 2 statements marked as Assertion (A) and Reason (R). Choose the correct alternative from the following options. Assertion (A)- Demonetization has promote cashless transactions in the economy. Reason (R)- Demonetization was aimed at controlling the level of corruption in the economy to some extent. |
Both (A) and (R) are true and (R) is the correct explanation. Both (A) and (R) are true but (R) is not the correct explanation of (A). (A) Is true but (R) is false. (A) Is false but (R) is true. |
Both (A) and (R) are true but (R) is not the correct explanation of (A). |
The correct answer is Option 2: Both (A) and (R) are true but (R) is not the correct explanation of (A). Assertion (A) is true because demonetization did lead to an increase in cashless transactions as people moved towards digital payments due to the scarcity of cash. Reason (R) is also true as one of the aims of demonetization was to control corruption by eliminating the black money held in cash. However, while both statements are correct, Reason (R) does not directly explain why demonetization promoted cashless transactions. "On 8 November 2016, the Government of India announced the demonetization of all ₹500 and ₹1,000 banknotes of the Mahatma Gandhi Series. It also announced the issuance of new ₹500 and ₹2,000 banknotes in exchange for the demonetized banknotes. The objective of demonization was:
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