The conversation between human and AI assistant.
How does the ban on 500 and 1000 rupee notes helps to identify black money and corruption?
But can't people still use smaller denominations like 100 and 50 rupee notes for illegal transactions?
Yes, that is possible. However, the majority of the black money transactions take place in higher denominations like 500 and 1000 rupee notes. So the ban on those notes helps to limit the potential for illegal activities.