Posted On : 05-Feb-2018

Q1: Why has the demonetization scheme been introduced?

• A. To stop fake Indian currency notes
• B. To counter anti-national and illegal activities
• C. To Attack hoarding of black money
• D. All of the above

Q2: Is this the first time demonetization happening in India?

• A. Yes
• B. No, this happened first in 1947
• C. No, this happened first in 1978
• D. No, this happened 2 times already. 1947 and 1978

Q3: Which currency notes are demonetized in India on 8th November 2016?

• A. 100
• B. 500
• C. 1000
• D. B and C

Q4: What is demonetization of currency notes?

• A. Devaluing the currency with respect to international currencies
• B. Declaring the currency notes as NOT legal tender
• C. Replacing the old and soiled currency notes
• D. Replacing notes with coins

Q5: Of what denomination new currency notes are printed?

• A. 500
• B. 1000
• C. 2000
• D. A and C

Q6: Where can one exchange the Old High Denomination (OHD) notes after 25th November 2016?

• A. Banks
• B. Post Offices
• C. RBI Offices
• D. All of the above

Q7: What is the amount one can withdraw for the purpose of wedding?

• A. 50000
• B. 100000
• C. 200000
• D. 250000

Q8: How much money one can withdraw from ATM as on 28th November 2016?

• A. 1000
• B. 2000
• C. 2500
• D. 10000

Q9: How much money one can withdraw from cheque as on 28th November 2016?

• A. 10000 per week
• B. 15000 per week
• C. 24000 per week
• D. 25000 per week

Q10: What percentage of money in circulation consists of 500 and 1000 notes?

• A. 50%
• B. 65%
• C. 77%
• D. 86%