The document discusses whether India's 2016 demonetization was a success or failure and its impacts. It notes demonetization's relevance for civil service exams, covering its analysis, impact on the economy and other sectors in mains exams and using a case study approach in interviews. The document also lists potential merits like tackling the grey economy and terrorism financing, but also potential demerits such as political overtones, crippling of the rural economy and job losses.