Single correct option
In November 2016 the Government of India withdrew the legal tender status of currency notes of which denominations?
- A. Rs 100 and Rs 500
- B. Rs 1000 and Rs 2000
- C. Rs 50 and Rs 100
- D. Rs 500 and Rs 1000
Show answer and solution
Answer: (D) Rs 500 and Rs 1000
On 8 November 2016 the Prime Minister announced demonetisation of Rs 500 and Rs 1000 notes to curb black money, counterfeit notes and terror financing. New Rs 500 and Rs 2000 notes were issued. The Rs 100 notes were never withdrawn, and Rs 2000 notes did not exist before the announcement, which makes options with those values wrong.
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