OPSC 2017 Solved Paper

Question : 13 of 100

Marks: +1, -0

Which of the following denomination note was introduced immediately after announcing Demonetisation?

200
400
2000
1000

Solution:

Demonetisation was announced on 8th November, 2018 to stop the existing ₹ 500 and ₹ 1000 notes continue as legal tender. The objective of this move was to eliminate black money from the system, however in the annual report of

{RBI}

, it is reported that

99.3 \%

of the demonetised notes returned in the system.
Immediately after announcing demonetisation ₹ 2000 note was introduced in the system.

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