wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Indian paper money currency is convertible.

A
True
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
False
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A True
Indian notes are convertible into the standard money of the country— rupees—as and when desired by holders. But it should be clearly noted that the rupee coins in India are themselves only token coins.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
New Forms of Money
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon