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In a 40 minute long speech Prime Minister Narendra Modi announced the demonetisation of existing notes ______ is issued by the government of India. -

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Question

Read the below case and answer the question that follow:

In a 40 minute long speech Prime Minister Narendra Modi announced the demonetisation of existing notes of ₹ 500 and ₹ 1,000 during a televised address on Tuesday evening.
Modi announced that the notes of ₹ 500 and ₹ 1,000 "will not be legal tender from midnight tonight" and these will be "just worthless pieces of paper. PM also urged people to 'join this mahayojna against the ills of corruption.

- "What is demonetisation and why was it done?"
The Economic Times, Nov 09, 2016

______ is issued by the government of India.

Options

  • Coins

  • ₹ 500 note

  • ₹ 1000 note

  • All of these

MCQ
Fill in the Blanks

Solution

Coins is issued by the government of India.

Explanation:

Narendra Modi announced the demonetisation of existing ₹ 500 and ₹ 1,000 notes, as stated above.

shaalaa.com
Central Bank: Functions
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