Demonetization in India
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Demonetization in India

Created by
@SelfSufficiencyPeace

Questions and Answers

According to the Reserve Bank of India Act, which empowers the central government to declare any series of banknotes as ceasing to be legal tender?

Section 26(2)

What is demonetization?

The act of withdrawing a currency from circulation

Which court upheld the demonetization as valid in India?

Supreme Court

What is the test of proportionality in relation to demonetization?

<p>Whether the benefits of demonetization outweigh the costs</p> Signup and view all the answers

What currency notes were demonetized in India?

<p>Rs 500 and Rs 1,000</p> Signup and view all the answers

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