BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is a feature of demonetisation?
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Tax administration measure
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Channelising savings into the formal financial system
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Development of less-cash economy
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All of the above
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Explanation:
Detailed explanation-1: -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.
Detailed explanation-2: -The correct answer is It involves stripping a currency unit of its status as legal tender. Key Points. Demonetization: It is the act of replacing old currency with new currency as legal tender.
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