Consider the following statements: 1. In India, the minimum denomination coin acceptable transaction is 50 Paise.2. Coin below 50 Paise is not a legal tender payment.Which of the statements given above is/are correct?Only 1Only 2Both 1 and 2Neither 1 nor (2024)

Solve

Guides

You visited us 0 times! Enjoying our articles? Unlock Full Access!

Question

A

Both 1 and 2

B

Only 2

D

Only 1

Open in App

Solution

Verified by Toppr

Since 2011, 25 Paise coin has ceased to be legal tender for payment and the minimum denomination coin acceptable for transaction is 50 Paise coin.

Was this answer helpful?

11

Similar Questions

Q

1

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

View Solution

Q

2

Q. Consider the following statements:

Which of the statements given above is/are incorrect?



  1. 1 and 3 only

  2. 1, 2 and 3

  3. 2 and 3 only

  4. 1 only

View Solution

Q

3

A box contains coins of 50 paise, 1 rupee and 2 rupees. For 240 coins in the box, the ratio of 50 paise to 1 rupee to 2 rupees is 8 : 17 : 15. How many 1 rupee coins are there in the box ?

View Solution

Q

4

A has 50 coins of 10 paise denominations. While B has 10 coins of 50 paise denominations. C has 20 coins of 25 paise denominations while D has 25 coins of 20 paise denominations. The average number of paise per person is

View Solution

Q

5

A piggy bank has only rupees 1 and 50 Paise coins. If there are 3 times as many 50 Paise coins as rupees 1 and the total amount is rupees 35. How many coins of each kind are there

View Solution

Consider the following statements: 1. In India, the minimum denomination coin acceptable transaction is 50 Paise.2. Coin below 50 Paise is not a legal tender payment.Which of the statements given above is/are correct?Only 1Only 2Both 1 and 2Neither 1 nor  (2024)
Top Articles
Where should I retire? The best and worst states revealed | Unbiased
Planning for Fixed, Variable and Periodic Expenses
Pollen Count Los Altos
Unit 30 Quiz: Idioms And Pronunciation
Skamania Lodge Groupon
How Far Is Chattanooga From Here
Stolen Touches Neva Altaj Read Online Free
Jefferson County Ky Pva
biBERK Business Insurance Provides Essential Insights on Liquor Store Risk Management and Insurance Considerations
Encore Atlanta Cheer Competition
State Of Illinois Comptroller Salary Database
Https://Gw.mybeacon.its.state.nc.us/App
Ladyva Is She Married
Mens Standard 7 Inch Printed Chappy Swim Trunks, Sardines Peachy
Conscious Cloud Dispensary Photos
Q Management Inc
Kylie And Stassie Kissing: A Deep Dive Into Their Friendship And Moments
Axe Throwing Milford Nh
Kirksey's Mortuary - Birmingham - Alabama - Funeral Homes | Tribute Archive
Jc Green Obits
8000 Cranberry Springs Drive Suite 2M600
Sadie Sink Reveals She Struggles With Imposter Syndrome
Integer Division Matlab
Sensual Massage Grand Rapids
Evil Dead Rise Showtimes Near Sierra Vista Cinemas 16
Elijah Streams Videos
Imagetrend Elite Delaware
Pipa Mountain Hot Pot渝味晓宇重庆老火锅 Menu
Wells Fargo Bank Florida Locations
J&R Cycle Villa Park
Devargasfuneral
60 Second Burger Run Unblocked
Fbsm Greenville Sc
Skip The Games Ventura
Final Exam Schedule Liberty University
Giantess Feet Deviantart
Michael Jordan: A timeline of the NBA legend
Jasgotgass2
How Much Is 10000 Nickels
Pain Out Maxx Kratom
Guided Practice Activities 5B-1 Answers
Sound Of Freedom Showtimes Near Amc Mountainside 10
Sam's Club Gas Price Sioux City
Grand Park Baseball Tournaments
Madden 23 Can't Hire Offensive Coordinator
Ihop Deliver
Smoke From Street Outlaws Net Worth
Msatlantathickdream
Download Twitter Video (X), Photo, GIF - Twitter Downloader
Denys Davydov - Wikitia
Coldestuknow
Latest Posts
Article information

Author: Msgr. Refugio Daniel

Last Updated:

Views: 6380

Rating: 4.3 / 5 (74 voted)

Reviews: 81% of readers found this page helpful

Author information

Name: Msgr. Refugio Daniel

Birthday: 1999-09-15

Address: 8416 Beatty Center, Derekfort, VA 72092-0500

Phone: +6838967160603

Job: Mining Executive

Hobby: Woodworking, Knitting, Fishing, Coffee roasting, Kayaking, Horseback riding, Kite flying

Introduction: My name is Msgr. Refugio Daniel, I am a fine, precious, encouraging, calm, glamorous, vivacious, friendly person who loves writing and wants to share my knowledge and understanding with you.