Consider the following statements : I. In India the minimum denomination coin acceptable for transaction is 50 paise. 2. Coins below 50 paise is not a legal tender for payment. Which of the statements given above is/are correct ?

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Submitted by examrobotsa on

Q: 89 (CDS-II/2011)
Consider the following statements :
I. In India the minimum denomination coin acceptable for transaction is 50 paise.
2. Coins below 50 paise is not a legal tender for payment.
Which of the statements given above is/are correct ?
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question_subject: 

Economics

question_exam: 

CDS-II

stats: 

0,48,34,13,3,48,18

keywords: 

{'minimum denomination coin': [0, 0, 0, 1], 'legal tender': [1, 0, 0, 2], 'coins': [2, 0, 1, 1], 'payment': [0, 1, 1, 8], 'transaction': [0, 0, 1, 4], 'paise': [0, 0, 1, 1]}