Q160
Indian EconomyMoney, Banking & Financial Institutions
When has demonetisation been last announced?
- a.2018
- b.1978
- c.1995
- d.2016
Answer: (D) 2016
Answer as of 2023 — this may have changed since.
The most recent demonetisation was announced on 8 November 2016, withdrawing the legal tender status of ₹500 and ₹1000 notes. The earlier demonetisation was in 1978 (high-denomination notes), and none occurred in 1995 or 2018.