Kerala SET Feb 2017 Paper 1
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Question Numbers: 19-21
Read the following passage and answer question numbers 19 - 21 based on it.
In the aftermath of the Narendra Modi government deciding to demonetise notes of Rs 500 and Rs 1,000 respectively, the Reserve Bank of India (RBI) put out an interesting data. Data from RBI shows that in 2015-2016 the total amount of paper notes in circulation amounted to Rs 16.4 lakh crore. Of this, the high denomination notes of Rs 500 and Rs 1,000 amounted to Rs 14.2 lakh crore. The Rs 500 notes amounted to Rs 7.9 lakh crore whereas Rs 1,000 notes amounted to Rs 6.3 lakh crore.
Read the following passage and answer question numbers 19 - 21 based on it.
In the aftermath of the Narendra Modi government deciding to demonetise notes of Rs 500 and Rs 1,000 respectively, the Reserve Bank of India (RBI) put out an interesting data. Data from RBI shows that in 2015-2016 the total amount of paper notes in circulation amounted to Rs 16.4 lakh crore. Of this, the high denomination notes of Rs 500 and Rs 1,000 amounted to Rs 14.2 lakh crore. The Rs 500 notes amounted to Rs 7.9 lakh crore whereas Rs 1,000 notes amounted to Rs 6.3 lakh crore.
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