Home
Class 12
BUSINESS STUDIES
Explain any four features of 'Demonetisa...

Explain any four features of 'Demonetisation'

Text Solution

Verified by Experts

Characteristics of demonetisation are: (i) Change in currency It is the act of stripping or discontinuing a currency unit of its legal status by government.
(ii) Contingent Success or failure of demonetisation is dependent upon various factors.
(iii) Objective The objective of demonctisation can be curbing corruption, fake currency, illegal activity and making cashless economy.
(iv) Crunches Generally after demonetisation, people face cash crunches for a shorter period.
Promotional Banner

Topper's Solved these Questions

  • PROJECT WORK

    ARIHANT PUBLICATION|Exercise CBSE(Examination Paper-2019) Set -1 (Section D)|5 Videos

  • PROJECT WORK

    ARIHANT PUBLICATION|Exercise CBSE(Examination Paper-2019) Set -1 (Section E)|5 Videos

  • PROJECT WORK

    ARIHANT PUBLICATION|Exercise CBSE(Examination Paper-2019) Set -1 (Section B)|8 Videos

  • PRINCIPLES OF MANAGEMENT

    ARIHANT PUBLICATION|Exercise CBSE EXAMINATIONS ARCHIVE ( LONG ANSWER)|11 Videos

  • STAFFING

    ARIHANT PUBLICATION|Exercise CBSE Examinations Archive (Long Answer Type Questions)|11 Videos