Question

article on demonitisation

Answer 1

Demonetization is like termination. When something is demonetized, it is stopped or ended and is no longer in use and is not valid for payment system. It is mostly related to money. For example, our Prime minister, Mr.Narendra Modi has demonetized 500 and 1000 rupee notes in order to avoid corruption (black money).Actually it was a very good move by our prime minister as it may bring out all the black money. When people with black money try to change the new money, a question will arise how you got such a huge amount. So in that way it will work out! It has many advantages like curbing corruption and stopping black money. If our nation becomes a corruption free nation that day the true day we get freedom. This is why our Prime minister has placed this move. Because today money and muscle play a very important role which is reflected in the low conviction rate. Corruption cases must be tried on day to day basis on a priority. So the government should encourage demonetization. I believe this would surely make our country corruption free. Hope this helps!