Question

what was the ultimate objective for demonetisation in india? ​

Answer 1

Answer:

The central government and the RBI outlined three key objectives of demonetization:

to curb black money and corruption by preventing hoarding of cash; to prevent counterfeiting of currency notes; and to fight against terrorism by cutting off cash funding of terrorist groups operating in India.

Answer 2

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The Demonetization was a massive step taken by the Government of India to curb the Black Money from the Nation. The basic ideology of the policy was to create a short term impact for long term purposes and to suppress corruption from the prevailing system and economy.

Explanation:

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