Question

What was the significant reason behind the Reserve Bank

Q: Answer-What was the significant reason behind the Reserve Bank of India's (RBI) decision to withdraw ₹2000...

The RBIs decision to withdraw 2000 denomination banknotes from circulation was aimed at curbing the circulation of counterfeit currency and reducing black money in the economy.

of India's (RBI) decision to withdraw ₹2000 denomination banknotes from circulation on May 19, 2023?

A To combat inflation and reduce the fiscal deficit

B To encourage the use of digital payments and reduce cash transactions

C To eliminate counterfeit currency and reduce black money

D To replace old banknotes with new denominations

E To streamline the currency structure and reduce printing costs

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What was the significant reason behind the Reserve Bank

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