which of the following is feature of demonetisation
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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 In simple words, demonetized notes are no longer valid as legal currency.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.
the features of demonetisation are: elimination of fake currency, reduction of lending rates, attack on Hawala transactions, tax collection, money collection, tax compliance, controlling inflation etc.
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Demonetisation was a mechanism to being the black money back to india.
Explanation:
- Demonetisation is characterized by the replacement of the currency notes of Rs. 500 and Rs. 1000.
- The demonetization objective was to curb and end corruption and bring transparency to the banking system.
- It also was done to enhance the digital India incentive and make India a cashless economy.
- Was done to stop the funding of terrorist activities and other anti-social activities.
Learn more about the which of the following is feature of demonetisation.
- brainly.in/question/17857923 answerd by Rvk26.
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