Question 24 solve it

24 . After the announcement of demonetisation of Rs 500 and Rs 1000 currency notes by the government of India, there has been a sharp increase in the number of downloads for mobile applications like: Paytm, Pay pal, e-wallet etc. Usage of digital currency and online payment systems driven by UPI, wallets and cards is on the rise as customers are increasingly opting for e-commerce platforms. There have been very strong reactions from general public on platforms like Facebook, Twitter, Instagram etc. where some groups are supporting the decision while many others groups are opposing it. On the basis of the above information:
a) Identify the two dimensions of business environment by quoting the lines.
b) Enumerate the various impacts of Demonetisation.

Dear Student
Demonatisation of 500 and 1000 notes.... - LEGAL
Downloading of different mobile application like paytm....- TECHNOLOGICAL

VARIOUS IMPACTS OF DEMONATISATION:-
1.
Demonetization WAS a liquidity shock;
2. A sudden stop in terms of currency availability.
3. It creates a situation where lack of currencies jams consumption, investment, production, employment etc


Regards
 

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