Question

discuss the meaning and objectives of demonetisation and problem associated with it during its introduction in india in 2016?​

Answer 1

Answer:

demonetisation means to change the currency note of the country into a new one it is mainly done when excess amount of money come into the circulation or in other words the limit of the money to be circulated in the country's get increased the excess amount indicate that there is increase in the black marketing in the country in order to stop this black marketing demonetisation take place under this the old currency note get changes into the new one so that the black marketing of that old currency note gets stopped as because changing into the new one will give no value to the old currency notes

problem

the poor people who can hardly earn their living they get much affected because of demonetisation because there was problem in converting their old note into the new one as one can convert it his or her old note into new one only when they have their bank account and the poor people usually do not have any bank account.