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Questions › JNU › JNU SSS 2017 › Q35
1 mark, −0.25Indian Economy › Money, banking and financial markets in India › Payments, demonetisation and financial inclusionModerateabout 1 min

JNU SSS 2017 Question 35: Money, banking and financial markets in India

Suppose that the currency in circulation in India at the time from which the legal tender status of the old 500 and 1000 rupee notes stood withdrawn was ₹ 18 lakh crores. If over the next 15 days, the public deposited ₹ 7 lakh crores of invalid currency with banks and withdrew ₹ 2 lakh crores of new currency while banks deposited ₹ 6 lakh crores with the RBI, then the currency in circulation at the end of that period would have been (assuming no other transactions which could have influenced it)

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Money, banking and financial markets in India has come up 106 times in 6 exams since 2010.

What this question tests

This question is on Payments, demonetisation and financial inclusion, part of Money, banking and financial markets in India in Indian Economy.

Cash, digital payments and getting more people into the financial system.

TestStop has 7 past-paper questions on this subtopic.

Practise Money, banking and financial markets in IndiaMore on Payments, demonetisation and financial inclusion

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Question from the JNU SSS 2017 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.