Question

In which year, one thousand currency note was announced as invalid in India?

• A. 2015
• B. 2016
• C. 2017
• D. 2018

Hint:

Remember: 8th November 2016 marks the demonetization in India, when ₹500 and ₹1000 notes were scrapped.

Answer 1

The Correct Option is B

Step 1: Background of demonetization in India
On 8th November 2016, the Government of India announced demonetization of high-value currency notes of ₹500 and ₹1000.

Step 2: Reason for demonetization
The move was aimed at curbing black money, counterfeit currency, and corruption. After this announcement, ₹1000 notes and old ₹500 notes ceased to be legal tender.

Step 3: Correct year
Thus, ₹1000 currency notes were declared invalid in the year 2016.
\[ \boxed{2016} \]