Question

Paper notes and coins are accepted as a medium of exchange because they are _____.

• A. Light in weight
• B. Easy to carry
• C. Authorised by the government
• D. Issued by the Resrve Bank of India

Answer 1

Answer: (C)

Authorised by the government

• In Modern times paper notes and coins are used as medium of exchange.
• Paper notes and coins are printed and circulated by RBI in India except One Rupee notes and coins.
• One Rupee coins are printed by the Finance Ministry.
• Only paper notes and coins printed by Government are authorised to use.