Question : Identify the incorrect statement given below
Option 1: Present currency can work as money as it is a legal tender.
Option 2: Coins held by the public are limited legal tender.
Option 3: Central bank mints coins in India

Option 4: Central banks do not deal with the general public.

Question

Question : Identify the incorrect statement given below

Option 1: Present currency can work as money as it is a legal tender.

Option 2: Coins held by the public are limited legal tender.

Option 3: Central bank mints coins in India

Option 4: Central banks do not deal with the general public.

Team Careers360 · Accepted Answer

Correct Answer: Central bank mints coins in India

Solution : The correct answer is (c). Central bank mints coins in India.

The central bank of India, the Reserve Bank of India (RBI), does not mint coins. The coins in circulation in India are minted by the Government of India's Security Printing and Minting Corporation of India Limited (SPMCIL).

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Question : Identify the incorrect statement given belowOption 1: Present currency can work as money as it is a legal tender.Option 2: Coins held by the public are limited legal tender.Option 3: Central bank mints coins in India Option 4: Central banks do not deal with the general public.

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Question : Identify the incorrect statement given below
Option 1: Present currency can work as money as it is a legal tender.
Option 2: Coins held by the public are limited legal tender.
Option 3: Central bank mints coins in India

Option 4: Central banks do not deal with the general public.

Question : Which of the following statement is correct?
Statement 1: If the number of buyers is large then it is better to take the services of middleman for the distribution of the goods.
Statement 2: Buyers can be of two types general buyers and industrial buyers.