Question

What is demonitisation

Answer 1

This concept surely seems familiar to all of us , as it is now filling newspapers and newsrooms across the country.
Demonetisation is the ;legal act of making a currency invalid, and replacing it with a new one.In other words , it could be removal of a particular currency , say Rs 500, from circulation, and issuing a new one of equivalent value/ denomination. Demonetisation also happens when the currency of a nation changes.

Answer 2

your debating partner for inter house competition forgot