Question

500 and 1000 rupees notes were demonitized recently.How far is this helpful for Indian economy in your opinion

Answer 1

it helps the enterpreurs to pay income tax regularly and correctly
it find out the cheaters who is keeping lakhs of black money

Answer 2

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.