Question

explain any two merits of demonetisation to Indian economy??​

Answer 1

Answer:

• With the present demonetization move put properly in place , the banking system will improve in a considerable manner .
• The economy will slowly start moving towards a completely cashless direction. Moving towards a cashless economy also implies better access to credit and revamping of financial operations.

Answer 2

Answer:

• The biggest advantage of demonetization is that it helps the government to track people who are having large sums of unaccounted cash or cash on which no income tax has been paid because many people who earn black money keep that money as cash in their houses or in some secret place which is very difficult to find