state gov UP Police Head Operator (Radio Cadre) Mock Test Current Affairs Government Policies and Schemes
With reference to demonetisation consider the following statements.
1. The objective of demonetisation is to curb the widespread use of black money.
2. The first demonetisation occurred in 1978.
3. Section 26(2) of the Reserve Bank of India Act of 1934 allows the central government to declare any series of bank notes of any denomination.
4. A Constitutional Bench of the Supreme Court in a 5:1 majority verdict has upheld the government’s demonetisation process.
Which of the statements given above is/are correct?
1
Only 1
2
Only 2
3
Only 1 & 3
4
Only 4