Question

cashless India ASL and 5 questions for class 9​

Answer 1

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The Indian government suddenly announced the devaluation of the old currency of 500 rupees and 1000 rupees on November 8, 2016, and for this reason there was a crack in the whole country. The government took this step to end the parallel economy of black money and fake currency, which was used primarily for the financing of criminals and terrorists. Due to this decision, people were struggling to deal with the huge shortage of banks and many ATMs had to stand in order to convert their old currency and get a new currency in a long line attached to it.

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