Social Sciences, asked by varunexplorer12, 1 year ago

500 and 1000 rupees notes were demonetized recently.How far is it helpful for india economy in your opinion

Answers

Answered by psatishr
3
It helped the India to abolish black money terrorism etc. because It abolish the black money holders and also decrease black money in India
Answered by Anonymous
0
I think that demonetisation will help to curb the financial malpractices in the country.

This include money for which tax is not paid or in other words , black money.

It is believed that a considerable amount of black money is stored in denominations of 500 and 1000.
Hence , by making it invalid , users will be forced to get rid of them.

This will also help the government to find out the sources of black money circulating in the country.
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