Question

What did the government want to accomplish by the demonetization?​

Answer 1

Answer:

To help in creation of cashless economy. To formalise the informal Indian Economy. To remove counterfeit notes from the market. To help reduce anti-social activities and their finances.

Answer 2

Demonetization is a process of stripping a currency unit of its status as a legal tender. In simple words, demonetized notes are no longer valid as legal currency. Usually, a new currency replaces the old currency unit/s.