BANK MP Cooperative Bank Clerk and Committee Manager Mock Test General Knowledge Economy Money and Banking
Which of the following statement is not correct about legal tender money?
1
The money which a creditor is under compulsion to accept in settlement of his claims
2
Coins below 50 paise is not a legal tender for payment
3
It must be a fiat money
4
In India the minimum denomination coin acceptable for transactions is 1 rupee
5
None of the above