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📢Features of Mrunal's Economy Course at Unacademy:
1) 👨🏫 Weekly live classes @night even Working Professional can attend
2) 🆎 Updated Powerpoints with latest budgets, economic surveys & current Affairs of Economy
3) 📑 500+ pages Rapid revision handouts, covering both Prelims & Mains, incl. Hindi translation for important terminologies. No need to purchase separate books / NCERTs.
4) 🔠 Weekly Quiz with ranking system
5) 💬 Weekly Doubt Solution to your queries.
- In the third chapter of the economic survey, Arvind Subramanian check the facts whether demonetization was a right move or not with following questions:
- Soil Rate and whether indeed people are storing black money in high denomination notes.
- While India's demonetization wass unprecedented, in its uniqueness, suddenness and impact, people managed to return 97% of the special bank notes, using nine methods that we'll see in this lecture. So, some critiques argue demonetization was a failed experiment but Arvind disagrees because even though people exchanged old money with new money still they had to pay tax or commission to someone, thus demonetization was a 'tax' on black money and it has led to redistribution of wealth, from rich to poor standing in the ATM queues.
- True, demonetization will have short term challenges but it'll lead to long term benefits as well.
- Some people are demanding the replacement of all type of taxes with a single banking transaction tax (BTT) but in this session, we'll quickly see why it's a useless endeavor.
- Faculty Name: You know who
- All Powerpoint available at mrunal.org/powe...
- Exam-Utility: UPSC IAS IPS Civil service exam, Prelims, CSAT, Mains, Staff selection SSC-CGL, IBPS-PO/MT, IBPS-CWE, SBI PO & Clerk, RBI and other banking exams; LIC, EPFO, FCI & other PSU exams; CDS, CAPF and other defense services exams; GPSC, MPPCS, RPSC & other State PCS services exams with Indian Economy, Budget, Banking, Public Finance in its syllabus- with descriptive questions and answer writing.
Негізгі бет Black Money #2: Demonetization- Soil Rate, How did 97% Old Notes returned to Banks?
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