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Unit 4 Ch 3 : Money and Credit — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 4 Ch 3 : Money and Credit1 Mark
MCQ
Which of the following statements are true?
  • A
    As per Indian law, apart from $\text{RBI},$ no other individual or organisation is allowed to issue currency.
  • B
    The law legalises the use of rupee as a medium of payment that cannot be refused in settling transactions in India
  • C
    No individual in India can legally refuse a payment made in rupees.
  • ✓
    All of the above are true.
✓

Answer

Correct option: D.
All of the above are true.

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