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Which of the following is NOT a feature of demonetisation? - Business Studies

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प्रश्न

Which of the following is NOT a feature of demonetisation?

पर्याय

  • It leads to creation of a less-cash or cash-less (free) economy i.e. channeling more savings through the formal financial system and improving tax compliance.

  • It is interpreted as a shift on the part of the government indicating that tax evasion will no longer be tolerated or accepted.

  • It is viewed as a tax administration measure.

  • It led to tax administration channelising savings away from the formal financial system.

MCQ

उत्तर

It led to tax administration channelising savings away from the formal financial system.

Explanation:

As a result of demonetization, savings are directed into the official system. 

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2023-2024 (February) Outside Delhi Set - 1
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