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Sources of Modern India

Which of the ...

Question

Which of the following rupee notes are denoted as unlimited legal tenders?

A

Rs. 10

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B

Rs. 100

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C

Rs. 5

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D

Re. 1

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Solution

The correct option is B
Rs. 100

Rupee notes of higher denominations such as Rs. 100, Rs. 500 and Rs. 1000 are considered as unlimited legal tenders as they are can be used for transactions incurring higher costs.

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