Money — Economics STD 11 Commerce / Arts — Question
Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsEconomicsMoney4 Marks
Question
Plastic money can play an important role in eradicating corruption in India.
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Answer
Yes, I agree with the statement. More and more use of plastic money can help in eradicating corruption in India in the following ways:
Every transaction detail is recorded by the bank when the transaction is done through plastic money.
None of the money transactions are illegal as these take place through banks.
At the international level, all the conversion of Indian currency into dollars or Swiss dollars can be recorded with transactions done through plastic money.
It’s only when transactions take place in cash, bribery and other illegal activities take place.
But the use of plastic money is easy to use, easy to keep records, and hence will help in removing corruption.
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