Demonetisation was a new initiative taken by the Government of India in _________ to tackle the problem of corruption, black money, terrorism and circulation of fake currency in the economy.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. November 2016.
Demonetisation was a significant initiative taken by the Government of India in November 2016 to address issues such as corruption, black money, terrorism, and the circulation of counterfeit currency. By invalidating high-denomination currency notes, the government aimed to promote a more transparent and digitized economy, reduce illicit financial activities, and boost tax compliance. This move sparked widespread discussions and had both positive and negative economic impacts.