Practice Demonetisation (4.6) - Banking in India

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6 sample questions

Question 1.
What does demonetisation mean?
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Think about why a currency might be deemed unusable.
Question 2.
Name one objective of demonetisation.
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Consider financial irregularities.
3Question 3.
What is demonetisation?
- A process of introducing new currency
- Withdrawal of legal tender
- The printing of fake notes
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Focus on what happens to the currency in this process.
4Question 4.
True or False: Demonetisation was introduced in India only once.
- True
- False
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Remember the significant years mentioned.
Question 5.
Evaluate the socio-economic impact of the 2016 demonetisation in India on various sectors, including small businesses and large corporations.
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Think about how both ends of the business spectrum reacted differently.
Question 6.
Discuss how demonetisation can act as a double-edged sword in government policy.
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Consider the benefits and the criticisms that arise from such a policy.

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