2. On 8th November 2016, the Government of India announced the demonetization making all 500 and 1000 rupee bank notes of Mahatma Gandhi Series invalid past midnight. The Government claimed that the action would curtail the use of illicit and counterfeit cash to fund illegal activity and terrorism. The BSE SENSEX and NIFTY 50 stock indices fell over 6 percent on that day after the announcement. The decision was heavily criticized by members of the opposition parties, leading to debates in both houses of Parliament and triggering organized protests against the government in several places across India. People seeking to exchange their bank notes had to stand in lengthy queues, and several deaths were linked to the inconveniences caused due to the rush to exchange cash. After demonetization, the demand for point of sales (POS) or card swipe machines has increased. E-payment options like PayTM has also seen a rise: a) Identify and explain the various dimensions of business environment which relate to the above mentioned case. b) List any through two values that the government seeks to promote through demonetization.
2. On 8th November 2016, the Government of India announced the demonetization making all 500 and 1000 rupee bank notes of Mahatma Gandhi Series invalid past midnight. The Government claimed that the action would curtail the use of illicit and counterfeit cash to fund illegal activity and terrorism. The BSE SENSEX and NIFTY 50 stock indices fell over 6 percent on that day after the announcement. The decision was heavily criticized by members of the opposition parties, leading to debates in both houses of Parliament and triggering organized protests against the government in several places across India. People seeking to exchange their bank notes had to stand in lengthy queues, and several deaths were linked to the inconveniences caused due to the rush to exchange cash. After demonetization, the demand for point of sales (POS) or card swipe machines has increased. E-payment options like PayTM has also seen a rise: a) Identify and explain the various dimensions of business environment which relate to the above mentioned case. b) List any through two values that the government seeks to promote through demonetization.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Transcribed Image Text:2. On 8th November 2016, the Government of India announced the demonetization
making all 500 and 1000 rupee bank notes of Mahatma Gandhi Series invalid past
midnight. The Government claimed that the action would curtail the use of illicit and
counterfeit cash to fund illegal activity and terrorism. The BSE SENSEX and NIFTY 50
stock indices fell over 6 percent on that day after the announcement. The decision was
heavily criticized by members of the opposition parties, leading to debates in both
houses of Parliament and triggering organized protests against the government in
several places across India. People seeking to exchange their bank notes had to stand in
lengthy queues, and several deaths were linked to the inconveniences caused due to
the rush to exchange cash. After demonetization, the demand for point of sales (POS) or
card swipe machines has increased. E-payment options like PayTM has also seen a rise:
a) Identify and explain the various dimensions of business environment which relate to
the above mentioned case.
b) List any through two values that the government seeks to promote through
demonetization.
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