Understanding Demonetisation

Which country recently took a significant step in demonetising its currency?

• Australia

• India

• Zimbabwe

• North Korea

What is one of the main reasons countries choose to demonetise their currency?

• To promote tourism

• To reduce inflation

• To fight against black money hoarders

• To increase the value of their currency

How does demonetisation help in dismantling fake currency networks?

• By increasing the value of fake notes

• By making all fake notes obsolete

• By legalizing fake currency

• By distributing fake notes to banks

What is a significant disadvantage of demonetisation for rural populations?

• Increased access to digital banking

• Higher crop production

• Long queues for exchanging cash

• More job opportunities

According to the transcript, what is a more permanent solution to black money and corruption than demonetisation?

• Frequent demonetisation

• Increased foreign investment

• A strong anti-corruption department

• Higher taxes