Question

500 and 1000 notes are demonetized recently . How far is this helpful to indian economy in your opinion

Answer 1

Rs 500 and Rs 1000 notes have been demonetized. Some ways in which this is going to be helpful are:

1. It will help to get hold of the black money hoarded by the people.

2. Terrorists will not have enough black money to buy weapons.

3. There will be more money with the banks. They will be able to grant loans at lower interest rates.