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Rather than getting support from most of the industry, what would have been the reason that some of them declared it a draconian scheme?

1. I only
2. I and II only
3. II and III only
4. I, II and III

Correct answer: I and II only

Solution

The criticism was mainly due to the sudden announcement without enough time for people to arrange cash and the hardships it caused in daily life. Statement III is not a reason for calling it draconian; in fact, stopping black money would be a positive objective. Hence, only I and II are correct.

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