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Subjects

Business Studies

Demonetisation

In Class 12 Business Studies, Demonetisation is studied as an important development in the Business Environment. Students learn why high-value currency notes may be withdrawn, how such a policy can influence businesses, consumers, banks and the government, and its possible effects on cash circulation, digital payments, tax compliance, formalisation and economic activity. The topic also helps them examine policy changes, short-term difficulties, long-term implications and the ways businesses respond to changes in the external environment.

Expert · Level 6 · 6 questions

TOPIC PRACTICE

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6 questions

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  1. Because payment mode time proof and risk all became important
  2. Because revenue lost relation with business
  3. Because all payments had same risk
  4. Because need for proof ended
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  1. Legally changing sales channels, payment modes, and record processes quickly
  2. Ignoring all rules
  3. Giving no information to customers
  4. Accepting unrecorded cash
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  1. Secretly accepting invalid notes
  2. Clearly explaining valid payment rules to customers and employees and keeping proper records
  3. Showing bank deposit source wrongly
  4. Refusing receipts
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  1. Payment failure refund and data security
  2. Product colour selection
  3. Shop music
  4. Employee uniform
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  1. Combined report of cash shortage sales change digital adoption and customer complaints
  2. Only shop decoration report
  3. Employee preference list
  4. Wall colour survey
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  1. It was not only a currency event but also a test of liquidity management compliance digitalisation customer trust and risk resilience
  2. It was only a shop decoration matter
  3. It immediately ended problems of all businesses
  4. It ended the need to keep records

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