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Your results are here!! for" Demonetisation in India "
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Question 1 of 20
1. Question
On which date was demonetisation of ₹500 and ₹1,000 banknotes announced?
Correct
The Government of India announced the demonetisation of ₹500 and ₹1,000 banknotes on November 8, 2016.
Incorrect
The Government of India announced the demonetisation of ₹500 and ₹1,000 banknotes on November 8, 2016.
Unattempted
The Government of India announced the demonetisation of ₹500 and ₹1,000 banknotes on November 8, 2016.
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Question 2 of 20
2. Question
Which denominations of banknotes were demonetised in 2016?
Correct
The ₹500 and ₹1,000 banknotes from the Mahatma Gandhi Series were demonetised.
Incorrect
The ₹500 and ₹1,000 banknotes from the Mahatma Gandhi Series were demonetised.
Unattempted
The ₹500 and ₹1,000 banknotes from the Mahatma Gandhi Series were demonetised.
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Question 3 of 20
3. Question
Which of the following was one of the stated objectives of demonetisation?
Correct
The government stated that demonetisation aimed to eliminate black money from the economy.
Incorrect
The government stated that demonetisation aimed to eliminate black money from the economy.
Unattempted
The government stated that demonetisation aimed to eliminate black money from the economy.
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Question 4 of 20
4. Question
Which problem was demonetisation intended to address by controlling currency circulation?
Correct
Controlling the circulation of fake currency was one of the stated objectives of demonetisation.
Incorrect
Controlling the circulation of fake currency was one of the stated objectives of demonetisation.
Unattempted
Controlling the circulation of fake currency was one of the stated objectives of demonetisation.
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Question 5 of 20
5. Question
Until when could citizens deposit old ₹500 and ₹1,000 notes according to the provided guidelines?
Correct
The provided content states that citizens could deposit the old notes until December 30, 2016.
Incorrect
The provided content states that citizens could deposit the old notes until December 30, 2016.
Unattempted
The provided content states that citizens could deposit the old notes until December 30, 2016.
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Question 6 of 20
6. Question
What was the daily cash withdrawal limit during November 10–13, 2016?
Correct
The initial daily cash withdrawal limit was ₹10,000 during November 10–13, while the weekly limit was ₹20,000.
Incorrect
The initial daily cash withdrawal limit was ₹10,000 during November 10–13, while the weekly limit was ₹20,000.
Unattempted
The initial daily cash withdrawal limit was ₹10,000 during November 10–13, while the weekly limit was ₹20,000.
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Question 7 of 20
7. Question
What was the weekly cash withdrawal limit from November 14, 2016 onwards according to the provided content?
Correct
The content states that the weekly cash withdrawal limit was increased to ₹24,000 from November 14 onwards.
Incorrect
The content states that the weekly cash withdrawal limit was increased to ₹24,000 from November 14 onwards.
Unattempted
The content states that the weekly cash withdrawal limit was increased to ₹24,000 from November 14 onwards.
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Question 8 of 20
8. Question
What was the exchange limit per person from November 8 to 13, 2016?
Correct
The exchange limit was ₹4,000 per person from November 8 to 13.
Incorrect
The exchange limit was ₹4,000 per person from November 8 to 13.
Unattempted
The exchange limit was ₹4,000 per person from November 8 to 13.
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Question 9 of 20
9. Question
What was the exchange limit per person from November 14 to 17, 2016?
Correct
The exchange limit increased to ₹4,500 per person from November 14 to 17.
Incorrect
The exchange limit increased to ₹4,500 per person from November 14 to 17.
Unattempted
The exchange limit increased to ₹4,500 per person from November 14 to 17.
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Question 10 of 20
10. Question
What was the exchange limit per person from November 18, 2016?
Correct
The exchange limit was reduced to ₹2,000 per person on November 18.
Incorrect
The exchange limit was reduced to ₹2,000 per person on November 18.
Unattempted
The exchange limit was reduced to ₹2,000 per person on November 18.
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Question 11 of 20
11. Question
On which date were all exchanges of the old notes stopped?
Correct
According to the provided content, all exchanges were stopped on November 25, 2016.
Incorrect
According to the provided content, all exchanges were stopped on November 25, 2016.
Unattempted
According to the provided content, all exchanges were stopped on November 25, 2016.
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Question 12 of 20
12. Question
What was the initial daily ATM withdrawal limit mentioned in the content?
Correct
Initially, the daily ATM withdrawal limit was ₹2,000.
Incorrect
Initially, the daily ATM withdrawal limit was ₹2,000.
Unattempted
Initially, the daily ATM withdrawal limit was ₹2,000.
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Question 13 of 20
13. Question
From November 14 onwards, what daily ATM withdrawal limit was mentioned after recalibration?
Correct
From November 14 onwards, ATMs were recalibrated and the daily limit was increased to ₹2,500.
Incorrect
From November 14 onwards, ATMs were recalibrated and the daily limit was increased to ₹2,500.
Unattempted
From November 14 onwards, ATMs were recalibrated and the daily limit was increased to ₹2,500.
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Question 14 of 20
14. Question
Until which date were certain places allowed to accept old notes under the stated exceptions?
Correct
Petrol pumps, hospitals, railway and airline booking counters, ration shops, and crematoriums were allowed to accept old notes until November 24, 2016.
Incorrect
Petrol pumps, hospitals, railway and airline booking counters, ration shops, and crematoriums were allowed to accept old notes until November 24, 2016.
Unattempted
Petrol pumps, hospitals, railway and airline booking counters, ration shops, and crematoriums were allowed to accept old notes until November 24, 2016.
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Question 15 of 20
15. Question
How much could foreign tourists at international airports exchange according to the provided content?
Correct
The provided content states that foreign tourists at international airports could exchange up to ₹5,000.
Incorrect
The provided content states that foreign tourists at international airports could exchange up to ₹5,000.
Unattempted
The provided content states that foreign tourists at international airports could exchange up to ₹5,000.
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Question 16 of 20
16. Question
What amount were families allowed to withdraw for weddings according to the stated exception?
Correct
The provided content states that families were allowed to withdraw ₹250,000 for weddings.
Incorrect
The provided content states that families were allowed to withdraw ₹250,000 for weddings.
Unattempted
The provided content states that families were allowed to withdraw ₹250,000 for weddings.
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Question 17 of 20
17. Question
How much could farmers withdraw per week for crop loans according to the provided content?
Correct
Farmers were allowed to withdraw ₹25,000 per week for crop loans under the stated exception.
Incorrect
Farmers were allowed to withdraw ₹25,000 per week for crop loans under the stated exception.
Unattempted
Farmers were allowed to withdraw ₹25,000 per week for crop loans under the stated exception.
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Question 18 of 20
18. Question
What was a major immediate problem caused by demonetisation?
Correct
The sudden demonetisation led to severe cash shortages and long queues at banks and ATMs.
Incorrect
The sudden demonetisation led to severe cash shortages and long queues at banks and ATMs.
Unattempted
The sudden demonetisation led to severe cash shortages and long queues at banks and ATMs.
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Question 19 of 20
19. Question
Which type of payment gained greater use as people and small businesses moved away from cash?
Correct
The content states that people and small businesses started using UPI, debit cards, and mobile wallets.
Incorrect
The content states that people and small businesses started using UPI, debit cards, and mobile wallets.
Unattempted
The content states that people and small businesses started using UPI, debit cards, and mobile wallets.
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Question 20 of 20
20. Question
What was one of the reported long-term outcomes of demonetisation mentioned in the content?
Correct
The content states that more people opened bank accounts, boosting the formal economy and financial inclusion.
Incorrect
The content states that more people opened bank accounts, boosting the formal economy and financial inclusion.
Unattempted
The content states that more people opened bank accounts, boosting the formal economy and financial inclusion.