alleryIn demonetization (Nov 2016), which currency notes were made invalid?
A₹500 and ₹1000 — replaced with new ₹500 and ₹2000 notes
B₹100, ₹50
CAll notes
D₹10, ₹20
Answer & Solution
Correct answer: A. ₹500 and ₹1000 — replaced with new ₹500 and ₹2000 notes
Demonetization announced 8 November 2016. ₹500 and ₹1000 old series notes ceased to be legal tender from midnight.
People could deposit in banks until December 30. New ₹500 and ₹2000 issued.
**Stated aims:** curb black money, counterfeit, terror funding.
Wide debate on outcomes.
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