Demonetisation has the potential to generate long term benefits in terms of:
A)reduced corruption
B)greater digitalization of the economy
C)increased flaws of financial savings
D)all of the above

Question

Quizplus · Accepted Answer

Demonetisation can lead to reduced corruption by making it harder to hold and transact in illicit cash. It can also encourage greater digitalization of the economy as people shift to electronic modes of payment. Additionally, it can increase the flow of financial savings into formal financial institutions as people deposit their cash holdings. Thus, all of the options listed are potential long-term benefits of demonetisation.

Demonetisation Has the Potential to Generate Long Term Benefits in Terms