• Courses
    • Schools
    • Students (Grades 6 – 12)
    • Graduates / Post-graduates
    • Colleges / Universities
    • Working Professionals
    • Reading Program
      • Schools
      • Students (Grades 6 – 12)
      • Graduates / Post-graduates
      • Colleges / Universities
      • Working Professionals
  • About
    • Our Story
    • FAQs
    • Contact Us
  • Free
    • Books
    • Did You Know?
    • Free Content
Thursday, February 2, 2023
  • Login
  • Register
No Result
View All Result

No products in the cart.

Skillioma
Holistic Learning Programs Future Skill Programs
Demo
Middle School High School College + Working Professionals All
REGISTER NOW
  • Programs
    • Courses
      • Schools
      • Students (Grades 9 – 12)
      • Graduates / Post-graduates
      • Colleges / Universities
      • Working Professionals
    • Reading Program
      • Schools
      • Students (Grades 6 – 12)
      • Graduates / Post-graduates
      • Colleges / Universities
      • Working Professionals
  • General Awareness
    • Current Affairs
    • Technology & Science
    • Communication
    • Sports
  • Business & Marketing
  • Entrepreneurship
  • Leadership
  • Technology
  • Finance
  • Career
  • Programs
    • Courses
      • Schools
      • Students (Grades 9 – 12)
      • Graduates / Post-graduates
      • Colleges / Universities
      • Working Professionals
    • Reading Program
      • Schools
      • Students (Grades 6 – 12)
      • Graduates / Post-graduates
      • Colleges / Universities
      • Working Professionals
  • General Awareness
    • Current Affairs
    • Technology & Science
    • Communication
    • Sports
  • Business & Marketing
  • Entrepreneurship
  • Leadership
  • Technology
  • Finance
  • Career
No Result
View All Result
Skillioma
No Result
View All Result
PLANS
Entrepreneurship Career Courses Register Now
Books Did You Know Important Days Blog Free Content Free Counselling

Career
General Knowledge
Entrepreneurship

Home Life skills Money & Finance

Demonetization

Has it indeed served its purpose for India?

October 8, 2021
in College+, High School, Money & Finance, National
Reading Time: 9 mins read
0 0
A A
Demonetization

Demonitisation

0
SHARES
98
VIEWS
Add to my learning plan

Please login to my learning plan

No account yet? Register

Demonetization is the act of withdrawing a currency unit from its status as legal tender. For example, the honourable Prime Minister Narendra Modi announced the Demonetization of Rs. 500 and Rs. 1000 currency notes on the 8th of November 2016. He mentioned that the move would take place with immediate effect in his address to the nation, which will be remembered forever in the history of India because of its significance and impact on the nation’s economy and related issues. 

He claimed that the objective of demonetization was to eliminate black money, eradicate counterfeit currency, combat tax evasion, block terrorist financing activities, and to promote a cashless economy.

This content is locked

Upgrade to Basic Plan to unlock this content!

Username:
Password:
Register
Lost your password?
 

The above instances explicate that demonetization is used for various reasons such as to curb tax evasion, eliminate black money, eradicate counterfeit currency, hinder funding to anti-social activities, promote a cashless economy, improve security features of currency bills, tackle inflation and for changeover operations from one currency to another currency. 

Hence, Demonetization can be done according to the requirements and needs of a country. However, no two countries may not have the same reasons to implement it.

Citations :

Skillioma (February 2, 2023) Demonetization. Retrieved from https://www.skillioma.com/demonetization/.
"Demonetization." Skillioma - February 2, 2023, https://www.skillioma.com/demonetization/
"Demonetization." Skillioma - Accessed February 2, 2023. https://www.skillioma.com/demonetization/
Skillioma May 10, 2020 Demonetization., viewed February 2, 2023,<https://www.skillioma.com/demonetization/>
Skillioma - Demonetization. [Internet]. [Accessed February 2, 2023]. Available from: https://www.skillioma.com/demonetization/
"Demonetization." Skillioma [Online]. Available: https://www.skillioma.com/demonetization/. [Accessed: February 2, 2023]

 

Power Words :

  • Changeover
  • Swapped
  • Susceptible
  • Explicate
  • Hinder
  • Bills
  • Collude
  • Futile
  • Haves
  • Trade

This content is locked

Upgrade to Basic Plan to unlock this content!

Username:
Password:
Register
Lost your password?
 

Hashtags :

  • #GPSforLifeAndCareer
  • #ConsciousIntelligence
  • #Kidswiki
  • #MindInTheMaking
  • #RelevanceInEducation
  • #MeaningfulLearning
  • #RealWorldSkills
  • #SafeContent
  • #360DegreeDevelopment
  • #Skillioma
  • #BeyondCurriculum
  • #SkillsBeyondSchool

 

Tags: Bankingcash bancurrency banCurrent EventsDemonetization across worldDemonetization advantages and disadvantagesdemonetization articledemonetization by modidemonetization definitiondemonetization essayDemonetization in Indiademonetization meaningdemonetization projectfeatures of demonetizationimpact of demonetizationis demonetization a success or a failurewhat is demonetization
Previous Post

25 Fascinating things about cricket

Next Post

Darren Sammy – Pakistan’s favourite Caribbean

Related Posts

How to calculate and manage market risks

How to calculate and manage risks using spreadsheet method for your startup

by Admin Skillioma
July 6, 2022
0

Hello Everyone!Starting a company can be disruptive if entrepreneurs don't anticipate the risk and prepare themselves to mitigate them. If...

How to Register a Startup Company in India

How to Register a Startup Company in India

by Payal Skillioma
July 6, 2022
0

The initial focus of most of the startup founders remains on giving shape to an idea, meeting with investors, and...

Bootstrapping

Bootstrapping

by Payal Skillioma
July 6, 2022
0

Bootstrapping is a method of starting a company without sourcing the outside capital. In simple words, bootstrapping is a self-funding...

Solopreneurship

Solopreneurship

by Payal Skillioma
July 5, 2022
0

Solopreneurship means running a business solely by an individual. In other words, an entrepreneur starts and takes care of everything...

Zomato Case Study

Case Study on Zomato Food App

by Payal Skillioma
June 10, 2022
0

There was a time when we used to call restaurants and hotels for the food menu and reservations. Then we...

Common myths busted

Common myths busted

by Admin Skillioma
June 10, 2022
0

In this lesson, we will aim at busting some of the common myths in the entrepreneurial journey. These are myths...

Next Post
Darren Sammy – Pakistan’s favourite Caribbean

Darren Sammy - Pakistan's favourite Caribbean


Business Skills | Career Options | Marketing

Competitive Tests | Job Skills | Inspiration

My Learning Plan

Popular Posts

  • Self Management Skills

    Introduction to self management

    0 shares
    Share 0 Tweet 0
  • What is the real definition of education?

    0 shares
    Share 0 Tweet 0
  • What is Retail Domain

    0 shares
    Share 0 Tweet 0
  • How does a computer work

    0 shares
    Share 0 Tweet 0
  • Greetings and Introduction

    0 shares
    Share 0 Tweet 0

Connect with us

  • About
  • FAQs
  • Contact
  • Advertise
  • Privacy Policy
  • Terms and Conditions
  • Cookie Policy
  • Copyright Policy
  • Free Counselling
Call Us: +91 6303166043
+91 9866007474

© 2022 Skillioma.com - a brand name of iLumen Pvt Ltd.

No Result
View All Result
  • Home
  • Login
  • Programs
    • Courses
      • Schools
      • Students (Grades 9 – 12)
      • Graduates / Post-graduates
      • Colleges / Universities
      • Working Professionals
    • Reading Program
      • Schools
      • Students (Grades 6 – 12)
      • Graduates / Post-graduates
      • Colleges / Universities
      • Working Professionals
  • About
    • Landing
    • Our Story
    • FAQs
    • Contact us
  • Free
    • Books
    • Did You Know?
    • Free Content
  • Schools Login
    • Holistic Learning Programs
    • Future Skill Programs
  • Category
    • General Awareness
    • Communication
    • Money & Finance
    • Job & Career
    • Business & Marketing
    • Entrepreneurship
    • Leadership
    • Technology
    • Career Options
    • Technology & Science
    • Competitive Exams
    • Sports
    • Inspiration
  • By Interest Level
    • Middle School
    • High School
    • College+
    • Working Professionals
    • All
  • Blog
  • FAQs
  • Contact Us

© 2022 Skillioma.com - a brand name of iLumen Pvt Ltd.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In