Home › UP Board Class 12 › businessstudies › Business Environment › The 2016 step of withdrawing ₹500 and ₹1000 note…
The 2016 step of withdrawing ₹500 and ₹1000 notes as legal tender is known as:
Aprivatisation
Bliberalisation
Cdemonetisation
Ddisinvestment
Answer & Solution
Correct answer: C. demonetisation
The 2016 withdrawal of ₹500/₹1000 notes was demonetisation.
Related questions
A firm that fails to adapt to a changing business environment is most likely to:The legal environment of business includes:The dimension of the business environment covering scientific improvements and innovationsUnderstanding the business environment helps a firm to:Integrating a country's economy with the world economy through freer trade and capital floGiving a greater role to the private sector and reducing that of the public sector is callReducing government restrictions and licensing requirements on business is called:The 1991 New Economic Policy of India is associated with the three processes of: