Paragraph on Demonetisation
Students are often asked to write a paragraph on Demonetisation in their schools. And if you’re also looking for the same, we have created 100-word, 200-word, and 250-word paragraphs on the topic.
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Paragraph on Demonetisation in 100 Words
Demonetisation is like a big change jar. Imagine you have a jar full of red and blue coins. One day, your parents say the red coins can’t be used to buy toys anymore. They replace them with new green coins. This is what happened in India in 2016. The government said old 500 and 1000 rupee notes were no good. They brought new 500 and 2000 rupee notes. This was done to stop people from hiding money they shouldn’t have. It was a big change, like swapping red coins for green in your jar!
Paragraph on Demonetisation in 200 Words
Demonetisation is a big word, but it’s not that tough. It’s like playing a game where you suddenly can’t use some of your old toys and have to start using new ones. When a government does demonetisation, it means they stop using some types of money and start using new ones. Imagine if one day, your parents told you that your old toy cars aren’t good anymore and you have to play with new ones. How would you feel? You might feel surprised, confused, or even a bit upset. That’s how people feel when demonetisation happens. The government of India did this in 2016. They said the old 500 and 1000 rupee notes were not okay to use anymore because they wanted to stop bad people from doing wrong things with money. People had to exchange their old notes for new ones at the bank. Some people were happy about it, some were not. It was a big change for everyone in India. So, demonetisation is like getting new toys and saying goodbye to the old ones, but with money. It’s done to make things better, even if it can be hard at first.
Also check:
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Paragraph on Demonetisation in 250 Words
Demonetisation is a significant economic action where a country decides to stop using certain types of currency as legal money. This process happened in India in November 2016 when the government said the 500 and 1000 rupee notes were no longer legal. The idea behind this was to fight against black money, corruption, and illegal activities. Black money refers to money that people have earned, but the government doesn’t know about. People often hide this money to avoid paying taxes. When the government declared that the old 500 and 1000 rupee notes were no longer valid, people had to exchange their old money for new notes. If they had a lot of money in cash, they had to explain where it came from, making it hard for people with black money to exchange it without getting caught. This move also encouraged people to use digital payment methods more often, reducing the use of cash. On top of that, fake money problems were also reduced as the old notes were replaced with new ones that are harder to copy. Demonetisation was a bold step towards a transparent and digital economy, even though it also brought some challenges like a temporary shortage of cash and difficulties for people who didn’t have easy access to banks. Still, it was a significant move in the fight against corruption and black money.
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