Practice Demonetisation - 4.6 | 4. Banking in India | ICSE Class 10 Economics
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What does demonetisation mean?

πŸ’‘ Hint: Think about why a currency might be deemed unusable.

Question 2

Easy

Name one objective of demonetisation.

πŸ’‘ Hint: Consider financial irregularities.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is demonetisation?

  • A process of introducing new currency
  • Withdrawal of legal tender
  • The printing of fake notes

πŸ’‘ Hint: Focus on what happens to the currency in this process.

Question 2

True or False: Demonetisation was introduced in India only once.

  • True
  • False

πŸ’‘ Hint: Remember the significant years mentioned.

Solve 2 more questions and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Evaluate the socio-economic impact of the 2016 demonetisation in India on various sectors, including small businesses and large corporations.

πŸ’‘ Hint: Think about how both ends of the business spectrum reacted differently.

Question 2

Discuss how demonetisation can act as a double-edged sword in government policy.

πŸ’‘ Hint: Consider the benefits and the criticisms that arise from such a policy.

Challenge and get performance evaluation