BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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79.30%
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93.30%
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88.30%
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99.30%
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Detailed explanation-1: -Over 99 per cent demonetised currency returned to banks: RBI report.
Detailed explanation-2: -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-3: -RBI | Demonetised Notes: 99.30% of demonetised money back in the system, says RBI report.
Detailed explanation-4: -Following demonetisation, 99% of the banned currency was returned to the Reserve Bank of India. While the total amount of the banned currency stood at Rs 15.41 trillion, Rs 15.31 trillion came back to the banking regulator.
Detailed explanation-5: -Q. The government of India announced Demonetization of ₹ 500 and ₹ 1, 000 currency notes with effect from the midnight of November 8, 2016. As a result, the existing ₹ 500 and ₹ 1, 000 currency notes ceased to be legal tender from that date.