Money and Types of Money · UPSC CDS/OTA · Question 21 of 30

Money and Types of Money – Question 21

Step-by-step solution. Money and Types of Money for UPSC CDS/OTA.

Topic
Money and Types of Money
Subject
General Studies
Difficulty
Easy
Solve Time
45–60 sec

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Q · Money and Types of MoneyEasy · 45s

Q₂₁. The concept of demonetization is directly related to:

TopicMoney and Types of Money
Question Typemultiple choice
DifficultyEasy
Marking+1 / −0.33
Test Duration30 min

Step-by-Step Solution

The complete worked solution.

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Demonetization means currency notes lose their status as legal tender.

Final Answer: Option B — Withdrawal of legal tender status
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Money and Types of Money Question 21 – UPSC CDS/OTA