International Journal of Research in Social Sciences
  • Year: 2017
  • Volume: 7
  • Issue: 3

A survey on people's response towards demonetisation of 500 and 1000 rupee notes

  • Author:
  • S. Mohanambal1, M. Meenakshi Saratha2, K Vanaja3
  • Total Page Count: 20
  • Page Number: 282 to 301

1M. Phil Research scholar, Department of Commerce (Professional Accounting), Dr. N.G.P Arts and Science College, Kalapatti road, Coimbatore

2Supervisor, Department of Commerce (Professional Accounting), Dr. N.G.P Arts and Science College, Kalapatti road, Coimbatore

3Head & Associate Professor, Department of Commerce (Professional Accounting), Dr. N.G.P Arts and Science College, Kalapatti road, Coimbatore

Online published on 20 June, 2019.

Abstract

Demonetisation means that the reserve bank of India has withdrawn the old 500 and 1000 rupee notes as an official mode of payment. It is the act of stripping a currency unit of its status as legal tender. Implementation of demonetisation by the government of India is the important issue in India. In this paper, an attempt has been made to understand the response of people towards demonetisation. To assess that, a survey of descriptive nature has been conducted. In this paper, with the use of survey, the real status of people inconveniences to the people, and positive and negative of demonetisation are identified.