CUET Economics - What was the negative impact of demonetization? | PYQs + Solutions

CUET Economics 2025 16 May Shift 1

Indian Economic Development

Medium

Banks have more resources at their disposal which can be used to provide more loans at higher rate of interest.

The savings of an individual were channelised into the formal financial system.

Shifted transactions out of the cash economy into the formal payment system.

It improved tax compliance.

✅ Correct Option: 1

CUET Economics 2025 16 May Shift 1 PYQs