2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which country has banned the validity of Indian currency notes of Rs 2, 000, Rs 500 and Rs 200 denominations in the country?
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Bangladesh
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Bhutan
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Myanmar
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Nepal
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Explanation:
Detailed explanation-1: -ATMs in India dispense Rs 500 and Rs 100 notes. Nepal does not accept Rs 500 and Rs 1000 notes.
Detailed explanation-2: -The apex court in a 4:1 majority verdict upheld the government’s 2016 decision to demonetise the Rs 1,000 and Rs 500 denomination notes, saying the decision-making process was not flawed.
Detailed explanation-3: -It is to be noted that the Indian rupee is legal tender or widely accepted in some neighbouring countries such as Bhutan and Nepal.
Detailed explanation-4: -In November 2016, Prime Minister Narendra Modi made a surprise TV announcement that all 500-rupee and 1,000-rupee notes would be withdrawn immediately from circulation.
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