Question

write a paragraph 100-120 words on demonetisation

Answer 1

Demonetisation (alternate spelling: demonetization) means withdrawing or stopping a currency denomination of its status as a legal tender.

Demonetisation refers, therefore, to the process of deciding that certain coins and banknotes can no longer be exchanged for goods and services.

The process of demonetisation takes the symbolic meaning and power away from a given type of currency.

In India, it was announced on 8th November, 2016 that the Rs. 500 and Rs. 1000 banknotes would cease to qualify as valid tender from 9th November, 2016 onward

Answer 2

Demonetisation means withdrawing withdrawing or stopping a currency denomination of its status as a legal tender.

Demonetisation refers, therefore, to the process of deciding that certain coins and banknotes can no longer be exchanged for goods and services.

The process of demonetisation takes the symbolic meaning and power away from a given type of currency.

In India, it was announced on 8th November, 2016 that the Rs. 500 and Rs. 1000 banknotes would cease to qualify as valid tender from 9th November, 2016 onward.

Hope it help you...........