2. Questions Bank
  3. 12th Class
  4. Economics
  5. Liberalisation, Privatisation and Globalisation

12th Class Economics Liberalisation, Privatisation and Globalisation Question Bank Case Based MCQs - Liberalisation, Privatisation and Globalisation

  • question_answer
    Which of the following gives the correct meaning of legal tender status?

    A) Legally recognised payment instrument used to fulfil a financial commitment

    B) Legally recognised payment instrument used to fulfil debts of more than Rs. 1 crore

    C) Legally recognised payment instrument used to fulfil debts of less than Rs. 1 crore

    D) None of the above

    Correct Answer: A

    Solution :

    Legal tender implies coins or bank notes that must be accepted if offered in payment of a debt.


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