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    Question

    Demonetization refers

    to
    A the shift from cash money-based to non-cash money-based means of transacting Correct Answer Incorrect Answer
    B the de-recognition by the central bank of some currency notes as legal tender Correct Answer Incorrect Answer
    C the declaration of some currency notes as counterfeit or the result of corrupt practices Correct Answer Incorrect Answer
    D the physical removal of some currency notes from circulation Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Demonetization refers to the de-recognition by the central bank of some currency notes as legal tender .

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