Q8 of 28 Page 189

Which notes are monetized by the Governments of India in 2016?

The government of India monetized the new 500 and 2000 rupee notes and demonetized the old 500 and 1000 rupee notes. This was done mainly to curb out the black money in the economy. The demonetization was done on 8th November 2016.


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