Introduction. On November 8, 2016, India's prime minister, Narendra Modi, made a surprise evening television appearance to announce that, starting at midnight, the nation's 500-rupee and 1,000-rupee (i.e., ₹500 and ₹1,000) currency notes would no longer be legal tender.

How many times demonetization in India?

In the preliminary answer key published by the TNUSRB, 'A - three times' was declared as the correct answer and subsequently in the final answer key 'B - four times' was mentioned as the correct answer.

When did demonetization happen in India before 2016?

That day was declared a bank holiday. The second ordinance was the High Denomination Bank Notes (Demonetisation) Ordinance. It demonetised banknotes of the denominations of Rs 500 and above with effect from January 13, 1946. Some of the parallels with the demonetisation in 2016 are uncanny.