Question

In a move that is likely to hit currency hoarders and counterfeiters, the Reserve Bank of India (RBI) has decided to withdraw from circulation all currency notes issued prior to which of the following years?

• A. 2000
• B. 2002
• C. 2005
• D. 2009
• E. 2011

Answer 1

The correct option is C 2005

In a move that is likely to hit currency hoarders and counterfeiters, the Reserve Bank of India (RBI) has decided to withdraw from circulation all currency notes issued prior to 2005.
The move was a well thought out exercise by the RBI to capture the 'money flows' into the system and also help flush out counterfeit notes.