2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Pakistan
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Bangladesh
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Nepal
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Sri Lanka
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Detailed explanation-1: -Nepal’s central bank has banned the use of Indian currency notes of ₹2,000, ₹500 and ₹200 denominations , a move that could affect Indian tourists visiting the Himalayan nation where Indian currency is widely used.
Detailed explanation-2: -Important Information. Although Indian currency is valid in Nepal (at an official exchange rate of 1.60 Nepalese rupees to 1 Indian rupee), the Rs. 500 and Rs. 1000 currency notes are not acceptable.
Detailed explanation-3: -The Government of Nepal has banned the use, import or export of 1,000 Indian rupee and 500 Indian rupee notes. British nationals should ensure that they do not enter or leave Nepal with either 1,000 or 500 Indian rupee notes.
Detailed explanation-4: -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.