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Money and Types of Money · UPSC CDS/OTA · Question 26 of 90

Money and Types of Money: Q₂₆. Which of the following statements is true about legal tender?

Step-by-step solution. Money and Types of Money for UPSC CDS/OTA.

Topic
Money and Types of Money
Subject
General Studies
Difficulty
Medium
Solve Time
45-60 sec

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Q · Money and Types of MoneyMedium · 45s

Q₂₆. Which of the following statements is true about legal tender?

TopicMoney and Types of Money
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min

Step-by-Step Solution

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By law, legal tender must be accepted in settlement of debts.

Final Answer: Option C - Legal tender must be accepted for payment of debts
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Q₂₆. Which of the following statements is true about… - Money and Types of Money (General Studies) Solved Question