ZENITH International Journal of Business Economics & Management Research______ ISSN 2249- 8826

ZIJBEMR, Vol.7 (11), NOVEMBER (2017), pp. 118-135

Online available at zenithresearch.org.in

UNDERSTANDING THE CONCEPT OF DEMONETIZATION

STUDY CARRIED OUT WITH MBA STUDENTS AS RESPONDENTS

1.SYED VALIULLAH BAKHTIYARI

ASSOC.PROF.AMJAD ALI KHAN COLLEGE OF BUSINESS ADMINISTRATION

MOUNT PLEASANT , BANJARA HILLS ROAD NUMBER 3,HYDERABAD.

2.DR.PROF.SHABAZ AHMED

DIRECTOR-AMJAD ALI KHAN COLLEGE OF BUSINESS ADMINISTRATION

MOUNT PLEASANT, BANJARA HILLS ROAD NUMBER 3, HYDERABAD .

ABSTRACT:

The Government of India announced that the Rs 500 and Rs. 1000 denominated
currency notes will cease to be legal tender. The move was targeted towards tackling black
money, corruption and terrorism. After initial euphoria, questions began to emerge, this study
highlights on the opinion and perception of respondents towards the demonetisation issue
faced by them, it tries to bring out the insight of understanding and measuring the aftermath
of demonetisation it is imperative to evaluate the short run and medium-term impacts that
such a shock is expected to have on the economy. Demonetization of 86% of floating
currency in the market meant a huge transformation in the way businesses are being
conducted in India. Push for 100% cashless transactions meant that age-old customs had to be
destroyed, and new ways required to be learnt in order to conduct any type of business in the
country. The original assumptions underlying the decision remain unclear, but it seems to be
causing considerable harm. Although popular right now, demonetisation may not end up
being a good bargain

KEYWORDS: Demonetisation, Black money, shadow economy, underground economy,

remonetise, digitisation, counterfeit currency.

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ZENITH International Journal of Business Economics & Management Research______ ISSN 2249- 8826
ZIJBEMR, Vol.7 (11), NOVEMBER (2017), pp. 118-135
Online available at zenithresearch.org.in

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ZENITH International Journal of Business Economics & Management Research______ ISSN 2249- 8826
ZIJBEMR, Vol.7 (11), NOVEMBER (2017), pp. 118-135
Online available at zenithresearch.org.in

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