Question

What was the significant reason behind the Reserve Bank of India's (RB

  • I decision to withdraw ₹2000 denomination banknotes from circulation on May 19, 2023?
A To combat inflation and reduce the fiscal deficit
B To encourage the use of digital payments and reduce cash transactions
C To eliminate counterfeit currency and reduce black money
D To replace old banknotes with new denominations
E To streamline the currency structure and reduce printing costs
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