7) After recent demonetization step, it is found that the rich have found ways to launder their black money to convert it into white, whereas the poor people are found standing in long queues to exchange their money legally. What shortcuts are used by the rich to launder their money? Do you think, demonetization is unfairly punishing the innocent people? Critically examine.

Topic: Indian economy; Resource mobilization

7) After recent demonetization step, it is found that the rich have found ways to launder their black money to convert it into white, whereas the poor people are found standing in long queues to exchange their money legally. What shortcuts are used by the rich to launder their money? Do you think, demonetization is unfairly punishing the innocent people? Critically examine. (200 Words)

The Hindu