Question

500&1000 rupees notes were denomonetized recently how far it is helpful to indian economy

Answer 1

First people who have lots of cash legally earned will increase banks deposits by huge margin.This will also increase the lending activity.
By cancelling 1000/- and 500/- ruppess notes there will be more decrease of black money in our country.

Answer 2

in indian economy, the act of changing of notes have been created lots of disturbances but people patiently waited to see the end of black money in india.but i think so that did not work preferably .so if this happens frequently then definitely there will be a better development in indaian economy.