In terms of the event and year of occurrence, identify the wrong pair:

Correct option is B

The Correct Answer: Demonetisation of Indian Currency Notes: 2015
The demonetisation of Indian currency notes of Rs. 500 and Rs. 1000 denominations was announced by Prime Minister Narendra Modi on 8th November 2016, not in 2015. This decision aimed to curb black money, counterfeit currency, and corruption. It was a landmark economic move that led to a massive shift toward digital transactions and financial inclusion in India.
Information Booster:
· Demonetisation in 2016 was one of the most significant financial reforms in modern India.
· It invalidated approximately 86% of the currency in circulation at the time and caused a short-term disruption in the economy while also encouraging digital payment systems.
· Following this, the Reserve Bank of India introduced new Rs. 500 and Rs. 2000 notes with enhanced security features.
Additional Knowledge:
· Foundation of C.S.I.R.: 1942 – The Council of Scientific and Industrial Research (CSIR) was founded in September 1942 and has since played a pivotal role in India’s scientific advancement.
· Implementation of G.S.T.: 2017 – The Goods and Services Tax (GST) was implemented across India on 1st July 2017, replacing multiple indirect taxes and creating a unified tax system.
· Removal of Article 370: 2019 – On 5th August 2019, the Government of India abrogated Article 370, which granted special status to Jammu and Kashmir, integrating it fully into the Indian Union and bifurcating the state into two Union Territories: Jammu and Kashmir, and Ladakh.