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The aim of demonetization was:
To curb corruption
to curb counterfeiting
To curb the use of high denomination notes for terrorist activities
All the above
- To curb corruption: Demonetization was aimed at reducing the prevalence of black money, which is often tied to corrupt practices.
- To curb counterfeiting: High-denomination currency notes are particularly prone to counterfeiting. Demonetization aimed to curb this by nullifying old notes.
- To curb the use of high denomination notes for terrorist activities: Terrorist activities are often financed using high-denomination currency. The measure intended to disrupt these financial channels.
Option 4: All the above: The initiative targeted all these issues by invalidating high-denomination notes.
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By: santosh ProfileResourcesReport error
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