What percentage of 500 and 1000 rupees notes was received by RBI after the 2016 demonetization?
- A98.96%
- B95.65%
- C93.27%
- D97.45%
Solution & Step-by-step Explanation
According to the annual report released by the Reserve Bank of India (RBI), approximately 98.96% of the demonetized ₹ 500 and ₹ 1000 banknotes returned to the banking system following the November 2016 demonetization exercise.