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Read the news report given below and answer the question that follow:In a 40 minute long speech Prime Minister Narendra Modi announced the demonetization of existing notes of ₹500 and ₹1,000 during a televised address on Tuesday evening.Modi announced that the notes of ₹500 and ₹1,000 “will not be legal tender from midnight tonight” and these will be “just worthless pieces of paper. The PM also urged people to ‘join this mahayojna against the ills of corruption.Here is a guide for you explaining everything about the move.What is demonetization of currency?Demonetization for us means that the Reserve Bank of India has withdrawn the old `500 and ₹1,000 notes as an official mode of payment. According to Investopedia, demonetization is the act of stripping a currency unit of its status as legal tender.What was the reason?The reasoning given by Modi was: (A) To tackle black money in the economy. (B) To lower the cash circulation in the country which “is directly related to corruption in our country, “ according to PM Modi. (C) To eliminate fake currency and dodgy funds which have been used by terror groups to fund terrorism in India. (D) The move is estimated to scoop out more than ₹5 lakh crore black money from the economy, according to Baba Ramdev, a staunch Modi supporter.Q. Demonetisation is an act of ______________ a currency unit of its status as legal tender.a)Strippingb)Coveringc)Clothingd)RemovingCorrect answer is option 'A'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Read the news report given below and answer the question that follow:In a 40 minute long speech Prime Minister Narendra Modi announced the demonetization of existing notes of ₹500 and ₹1,000 during a televised address on Tuesday evening.Modi announced that the notes of ₹500 and ₹1,000 “will not be legal tender from midnight tonight” and these will be “just worthless pieces of paper. The PM also urged people to ‘join this mahayojna against the ills of corruption.Here is a guide for you explaining everything about the move.What is demonetization of currency?Demonetization for us means that the Reserve Bank of India has withdrawn the old `500 and ₹1,000 notes as an official mode of payment. According to Investopedia, demonetization is the act of stripping a currency unit of its status as legal tender.What was the reason?The reasoning given by Modi was: (A) To tackle black money in the economy. (B) To lower the cash circulation in the country which “is directly related to corruption in our country, “ according to PM Modi. (C) To eliminate fake currency and dodgy funds which have been used by terror groups to fund terrorism in India. (D) The move is estimated to scoop out more than ₹5 lakh crore black money from the economy, according to Baba Ramdev, a staunch Modi supporter.Q. Demonetisation is an act of ______________ a currency unit of its status as legal tender.a)Strippingb)Coveringc)Clothingd)RemovingCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the news report given below and answer the question that follow:In a 40 minute long speech Prime Minister Narendra Modi announced the demonetization of existing notes of ₹500 and ₹1,000 during a televised address on Tuesday evening.Modi announced that the notes of ₹500 and ₹1,000 “will not be legal tender from midnight tonight” and these will be “just worthless pieces of paper. The PM also urged people to ‘join this mahayojna against the ills of corruption.Here is a guide for you explaining everything about the move.What is demonetization of currency?Demonetization for us means that the Reserve Bank of India has withdrawn the old `500 and ₹1,000 notes as an official mode of payment. According to Investopedia, demonetization is the act of stripping a currency unit of its status as legal tender.What was the reason?The reasoning given by Modi was: (A) To tackle black money in the economy. (B) To lower the cash circulation in the country which “is directly related to corruption in our country, “ according to PM Modi. (C) To eliminate fake currency and dodgy funds which have been used by terror groups to fund terrorism in India. (D) The move is estimated to scoop out more than ₹5 lakh crore black money from the economy, according to Baba Ramdev, a staunch Modi supporter.Q. Demonetisation is an act of ______________ a currency unit of its status as legal tender.a)Strippingb)Coveringc)Clothingd)RemovingCorrect answer is option 'A'. Can you explain this answer?.

Solutions for Read the news report given below and answer the question that follow:In a 40 minute long speech Prime Minister Narendra Modi announced the demonetization of existing notes of ₹500 and ₹1,000 during a televised address on Tuesday evening.Modi announced that the notes of ₹500 and ₹1,000 “will not be legal tender from midnight tonight” and these will be “just worthless pieces of paper. The PM also urged people to ‘join this mahayojna against the ills of corruption.Here is a guide for you explaining everything about the move.What is demonetization of currency?Demonetization for us means that the Reserve Bank of India has withdrawn the old `500 and ₹1,000 notes as an official mode of payment. According to Investopedia, demonetization is the act of stripping a currency unit of its status as legal tender.What was the reason?The reasoning given by Modi was: (A) To tackle black money in the economy. (B) To lower the cash circulation in the country which “is directly related to corruption in our country, “ according to PM Modi. (C) To eliminate fake currency and dodgy funds which have been used by terror groups to fund terrorism in India. (D) The move is estimated to scoop out more than ₹5 lakh crore black money from the economy, according to Baba Ramdev, a staunch Modi supporter.Q. Demonetisation is an act of ______________ a currency unit of its status as legal tender.a)Strippingb)Coveringc)Clothingd)RemovingCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.

Here you can find the meaning of Read the news report given below and answer the question that follow:In a 40 minute long speech Prime Minister Narendra Modi announced the demonetization of existing notes of ₹500 and ₹1,000 during a televised address on Tuesday evening.Modi announced that the notes of ₹500 and ₹1,000 “will not be legal tender from midnight tonight” and these will be “just worthless pieces of paper. The PM also urged people to ‘join this mahayojna against the ills of corruption.Here is a guide for you explaining everything about the move.What is demonetization of currency?Demonetization for us means that the Reserve Bank of India has withdrawn the old `500 and ₹1,000 notes as an official mode of payment. According to Investopedia, demonetization is the act of stripping a currency unit of its status as legal tender.What was the reason?The reasoning given by Modi was: (A) To tackle black money in the economy. (B) To lower the cash circulation in the country which “is directly related to corruption in our country, “ according to PM Modi. (C) To eliminate fake currency and dodgy funds which have been used by terror groups to fund terrorism in India. (D) The move is estimated to scoop out more than ₹5 lakh crore black money from the economy, according to Baba Ramdev, a staunch Modi supporter.Q. Demonetisation is an act of ______________ a currency unit of its status as legal tender.a)Strippingb)Coveringc)Clothingd)RemovingCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the news report given below and answer the question that follow:In a 40 minute long speech Prime Minister Narendra Modi announced the demonetization of existing notes of ₹500 and ₹1,000 during a televised address on Tuesday evening.Modi announced that the notes of ₹500 and ₹1,000 “will not be legal tender from midnight tonight” and these will be “just worthless pieces of paper. The PM also urged people to ‘join this mahayojna against the ills of corruption.Here is a guide for you explaining everything about the move.What is demonetization of currency?Demonetization for us means that the Reserve Bank of India has withdrawn the old `500 and ₹1,000 notes as an official mode of payment. According to Investopedia, demonetization is the act of stripping a currency unit of its status as legal tender.What was the reason?The reasoning given by Modi was: (A) To tackle black money in the economy. (B) To lower the cash circulation in the country which “is directly related to corruption in our country, “ according to PM Modi. (C) To eliminate fake currency and dodgy funds which have been used by terror groups to fund terrorism in India. (D) The move is estimated to scoop out more than ₹5 lakh crore black money from the economy, according to Baba Ramdev, a staunch Modi supporter.Q. Demonetisation is an act of ______________ a currency unit of its status as legal tender.a)Strippingb)Coveringc)Clothingd)RemovingCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Read the news report given below and answer the question that follow:In a 40 minute long speech Prime Minister Narendra Modi announced the demonetization of existing notes of ₹500 and ₹1,000 during a televised address on Tuesday evening.Modi announced that the notes of ₹500 and ₹1,000 “will not be legal tender from midnight tonight” and these will be “just worthless pieces of paper. The PM also urged people to ‘join this mahayojna against the ills of corruption.Here is a guide for you explaining everything about the move.What is demonetization of currency?Demonetization for us means that the Reserve Bank of India has withdrawn the old `500 and ₹1,000 notes as an official mode of payment. According to Investopedia, demonetization is the act of stripping a currency unit of its status as legal tender.What was the reason?The reasoning given by Modi was: (A) To tackle black money in the economy. (B) To lower the cash circulation in the country which “is directly related to corruption in our country, “ according to PM Modi. (C) To eliminate fake currency and dodgy funds which have been used by terror groups to fund terrorism in India. (D) The move is estimated to scoop out more than ₹5 lakh crore black money from the economy, according to Baba Ramdev, a staunch Modi supporter.Q. Demonetisation is an act of ______________ a currency unit of its status as legal tender.a)Strippingb)Coveringc)Clothingd)RemovingCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Read the news report given below and answer the question that follow:In a 40 minute long speech Prime Minister Narendra Modi announced the demonetization of existing notes of ₹500 and ₹1,000 during a televised address on Tuesday evening.Modi announced that the notes of ₹500 and ₹1,000 “will not be legal tender from midnight tonight” and these will be “just worthless pieces of paper. The PM also urged people to ‘join this mahayojna against the ills of corruption.Here is a guide for you explaining everything about the move.What is demonetization of currency?Demonetization for us means that the Reserve Bank of India has withdrawn the old `500 and ₹1,000 notes as an official mode of payment. According to Investopedia, demonetization is the act of stripping a currency unit of its status as legal tender.What was the reason?The reasoning given by Modi was: (A) To tackle black money in the economy. (B) To lower the cash circulation in the country which “is directly related to corruption in our country, “ according to PM Modi. (C) To eliminate fake currency and dodgy funds which have been used by terror groups to fund terrorism in India. (D) The move is estimated to scoop out more than ₹5 lakh crore black money from the economy, according to Baba Ramdev, a staunch Modi supporter.Q. Demonetisation is an act of ______________ a currency unit of its status as legal tender.a)Strippingb)Coveringc)Clothingd)RemovingCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the news report given below and answer the question that follow:In a 40 minute long speech Prime Minister Narendra Modi announced the demonetization of existing notes of ₹500 and ₹1,000 during a televised address on Tuesday evening.Modi announced that the notes of ₹500 and ₹1,000 “will not be legal tender from midnight tonight” and these will be “just worthless pieces of paper. The PM also urged people to ‘join this mahayojna against the ills of corruption.Here is a guide for you explaining everything about the move.What is demonetization of currency?Demonetization for us means that the Reserve Bank of India has withdrawn the old `500 and ₹1,000 notes as an official mode of payment. According to Investopedia, demonetization is the act of stripping a currency unit of its status as legal tender.What was the reason?The reasoning given by Modi was: (A) To tackle black money in the economy. (B) To lower the cash circulation in the country which “is directly related to corruption in our country, “ according to PM Modi. (C) To eliminate fake currency and dodgy funds which have been used by terror groups to fund terrorism in India. (D) The move is estimated to scoop out more than ₹5 lakh crore black money from the economy, according to Baba Ramdev, a staunch Modi supporter.Q. Demonetisation is an act of ______________ a currency unit of its status as legal tender.a)Strippingb)Coveringc)Clothingd)RemovingCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Commerce tests.