Demonetization Pdf -Demonetization Essay Pdf Hindi And English
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Demonetization is a hot topic for upcoming SSC CGL Descriptive ,UPSC Prelims and Mains 2017 Exam.IBPS PO And IBPS Clerk Exams,State level Exams ,NDA,CDS ,Assistant Commandant Etc
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What is Demonetization ?
- Demonetization is the act of stripping a currency unit of its status as legal tender. It occurs whenever there is a change of national currency: The current form or forms of money is pulled from circulation and retired, often to be replaced with new notes or coins. Sometimes, a country completely replaces the old currency with new currency.
- The opposite of demonetization is remonetization, in which a form of payment is restored as legal tender.
If we break Down Demonetization . The proper Definition of Demonetization Will be
- to combat inflation
- to combat corruption and crime (counterfeiting, tax evasion)
- to discourage a cash-dependent economy
- to facilitate trade
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