| Assertion [A] Demonetisation removes the legal tender status of currency malang it unacceptable mode of payment. |
| Reason [R] The intrinsic value of currency notes is very less than the actual denominated value. |
| Choose from the options below. |
A) Assertion [A] is true and Reason [R] is a correct reason of Assertion [A]
B) Assertion [A] is true and Reason [R] is not a correct reason of Assertion [A]
C) Assertion [A] is false, but Reason [R] is true
D) Both are false
Correct Answer: A
Solution :
Currency note don't have its own value, it is the legal tender status which make its acceptance before the general public and removal of that status makes it unacceptable in public.
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