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What was the main objective of demonetisation in India in 2016?
  • a)
    To devalue the Indian currency
  • b)
    To curb corruption and illegal activities
  • c)
    To promote digital transactions
  • d)
    To increase the circulation of high denomination notes
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What was the main objective of demonetisation in India in 2016?a)To de...
The primary aim of demonetisation was to curb corruption, counterfeiting, and the use of high denomination notes for illegal activities. It also aimed to address the issue of accumulating 'black money' generated by undeclared income.
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What was the main objective of demonetisation in India in 2016?a)To devalue the Indian currencyb)To curb corruption and illegal activitiesc)To promote digital transactionsd)To increase the circulation of high denomination notesCorrect answer is option 'B'. Can you explain this answer?
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