Question

write a short note on baning 500 and 1000/- notes and giving new 500 and 2000 /- to the people.What is the use of it.Is there any effect in future.

Answer 1

Its an intelligent question



By banning 500 and 1000/-notes the black money in India automatically comes out.


some terrorists who are living with jali"notes the police can catch them


As we all know there will be a micro chip on the new notes of 500and 200/-notes



THANKS

Answer 2

Dear frnd,
Both of us know that there thousands of crores of black money hidden with our politicians.Any black money will normally be in the form of higher denomination notes,okay?(like 500, 1000 )So, if the currency notes change, the people will have to go to bank for new currency.But, bank will only accept notes of your honest earnings, not black money. If you approach to bank with more money than your earnings, be ready for a court case.So, you cannot take your black money with you, then it will be useless, isnt it?So, in a night, all black money will turn into mere sheets of no importance!But, I still think that this system will fail, because corruption will start again,so it will be a temporary solution.

................plz mark my ansr as brainliest!