Yes, I agree with the statement.
More and more use of plastic money can help in eradicating corruption in India in the following ways:
- Every transaction detail is recorded by the bank when the transaction is done through plastic money.
- None of the money transactions are illegal as these take place through banks.
- At the international level, all the conversion of Indian currency into dollars or Swiss dollars can be recorded with transactions done through plastic money.
- It’s only when transactions take place in cash, bribery and other illegal activities take place.
- But the use of plastic money is easy to use, easy to keep records, and hence will help in removing corruption.