Choose the incorrect statement with respect to demonetization:
Show Hint
- ₹500 and ₹1000 notes were demonetized, ceasing to be legal tender except for buying properties.
- It aimed to curb corruption and black money.
- It helped channel savings into the formal financial system.
- Restrictions were placed on convertibility of domestic money and bank deposits.
The Correct Option is A
Solution and Explanation
Final Answer: (A) ₹500 and ₹1000 notes were demonetized, ceasing to be legal tender except for buying properties.
Top Questions on Business Environment
- Choose the incorrect statement with respect to demonetization:
- CBSE CLASS XII - 2025
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- CBSE CLASS XII - 2025
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- CBSE CLASS XII - 2025
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