Question

Which of the following is a feature of demonetisation?

• A. Development of a less-cash economy.
• B. Channelising savings into the formal financial system.
• C. Tax administration measure.
• D. All of the above.

Answer 1

The correct option is D

All of the above.

Answer (d) All of the above.

Explanation: Demonetisation is the demonstration of stripping a cash unit of its status as a legitimate tender. It happens at whatever point there is a change of national currency. The current structure or types of cash are pulled from the flow and retired, regularly to be supplanted with new notes or coins. All of the above options are features of demonetisation.