Question
What are the main impacts of demonetisation?
| S. No. | ||
| 1. | Money/ Interest Rates | i. Decline in cash transactions. ii. Bank deposits increased. iii. Increase in financial savings. |
| 2. | Private Wealth | Declined since some high demonetised notes were not returned and real estate prices fell. |
| 3. | Public Sector Wealth | No effect. |
| 4. | Digitisation | Digital transactions amongst new users (Ru-Pay/ AEPS) increased. |
| 5. | Real Estate | Prices declined. |
| 6. | Tax Collection | Rise in income tax collection because of increased disclosure. |
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