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Question
Read the following statements carefully and choose the correct alternative from the following:
Statement 1 - Demonetization was the step taken by the Government of India in order to tackle the problems of corruption, black money, terrorism, and circulation of fake currency in the Indian Economy.
Statement 2 - Demonetization has ensured improved tax compliance in India over the period of time.
Options
Both the statements are true.
Both the statements are false.
Statement 1 is true and Statement 2 is false.
Statement 2 is true and Statement 1 is false.
MCQ
Solution
Both the statements are true.
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Determination of Income in Two-sector Model
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