Question

Short notes for demonetization and advantage and disadvantage

Answer 1

Demonitisation

the act to cease a currency unit or put an official stop on its status as a legal tender is
known as demonitisation.

advantages

1) eradicate to use of fake currency.

2) tackle with corruption due to currency upholds.

3) encourage digital payment modes.

4) reduction of illegal activities.

5) reduced tax avoidance by encouraging higher tax payments.

i hope this will help you.........