With reference to the fake Indian currency notes, consider the following statements:1. Nearly 60% of all fake notes seized in 2021 were of 500 denomination according to the Crime in India 2021 report.2. Post-2016, there has been an increase in seizure of fake money, according to the NCRB data.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?

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With reference to the fake Indian currency notes, consider the following statements:

1. Nearly 60% of all fake notes seized in 2021 were of ₹500 denomination according to the Crime in India 2021 report.

2. Post-2016, there has been an increase in seizure of fake money, according to the NCRB data.

Which of the statements given above is/are correct?

a)
1 only
b)
2 only
c)
Both 1 and 2
d)
Neither 1 nor 2

Correct answer is option 'B'. Can you explain this answer?

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Daily Current Affairs MCQ- September 2, 2022

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With reference to the fake Indian currency notes, consider the followi...

Nearly 60% of all fake notes seized in 2021 were of ₹2,000 denomination, the Crime in India 2021 report compiled by the National Crime Records Bureau (NCRB) shows.

Of the fake Indian currency notes with a face value of ₹20.39 crore seized in 2021, ₹12.18 crore was in the denomination of ₹2,000.
The new ₹2,000 and ₹500 currency notes were introduced in 2016 after the old ₹500 and ₹1,000 notes were scrapped by the Union government. The government had said that curbing of fake notes was one of the primary objectives of the 2016 demonetisation exercise.
Post-2016, there has been an increase in seizure of fake money, the NCRB data reveal.
The highest recovery of fake ₹2,000 notes was made in Tamil Nadu (₹5 crore), followed by Kerala (₹1.8 crore) and Andhra Pradesh (₹1 crore).

Hence only statement 2 is correct.

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With reference to the fake Indian currency notes, consider the following statements:1. Nearly 60% of all fake notes seized in 2021 were of 500 denomination according to the Crime in India 2021 report.2. Post-2016, there has been an increase in seizure of fake money, according to the NCRB data.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?

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