BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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93%
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90%
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88%
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99%
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Detailed explanation-1: -Did demonetisation achieve the target of ending the killing black money economy? According to Reserve Bank of India (RBI) data, almost the entire chunk of money (more than 99 percent) that was invalidated came back into the banking system.
Detailed explanation-2: -Rs 1.25 lakh crore black money recovered by government: Ashwini Vaishnaw.
Detailed explanation-3: -RBI | Demonetised Notes: 99.30% of demonetised money back in the system, says RBI report.
Detailed explanation-4: -In the four years after that, fake notes totaling 18.87 lakh in various denominations were seized. Digital transactions became the norm. Demonetisation immediately forced the entire economy to move into digital transactions due to an acute shortage of cash.