Question

500and1000 notes were demonetized 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.