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Episode 27 Class 12 Business Studies Demonetisation
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In this episode of Class 12th Business Studies Chapter 3 Business Environment. Topic Demonetisation. we will discuss about the Demonetisation concept and meaning . Features of demonetisation and Demonetisation in India. Following are the features of demonetisation 1) Withdrawal of certain currency from circulation 2) Demonetised currency's purchasing power or exchange value get reduced to zero 3) Elimination of Black money 4) To demonitise is to do away with cash 5) Purpose of demonetisation is to eliminate corruption , money laundering and terror funding 6 ) Elimination of counterfeit currency 7) Support for government finance.
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