DEMONITISATION Flashcards

1
Q

500 AND 1000 NOTES DEMONITISATION

A

2016

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2
Q

SECTION 26 (2)

A

RBI ACT 1934
CENTRE POWER TO DEMONITISE

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3
Q

SPECIFIED BANK NOTES (CESSATION OF LIABILITY )ACT …….

A

2017

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4
Q

DEMONTISATION HAPPEN HOW MANY TIMES

A

1946 AND 1978(BY JANATA PARTY ) - BLACK MONEY

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5
Q

IN 2012 WHICH BOARD RECOMMEND DEMONITIZATION

A

CENTRAL BOARD OF DIRECT TAXES

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6
Q

DEMONITIZATION IS USED TO

A

STABLIZE VALUE OF CURRENCY
COMBAT INFLATION

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7
Q

COINAGE ACT PASSED IN

A

1873 ( DEMONITIZE SILVER AS LEGAL TENDER

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8
Q

WHICH GOVT. DEMONITIZE DOLLAR TO CONTROL HYPERINFLATION

A

ZIMBABWE (2015)

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