Question

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

Answer 1

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.

Answer 2

The demonitisation will help the country to go to the top. It will help help to reduce the black money which is India's biggest problem. This will cause many problems but it will lead to a better country