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.
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).
Question : Identify the incorrect statement given below:
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.
Question : A money bill under Article 111 of the Constitution of India, presented to the President for assent, has to be endorsed by a Certificate of the ____________ signed by him/her that it is a money bill.
Question : The size of Vasu Ltd. has increased. It was a market leader, but as the business environment changed and MNCs entered the industry, its market share shrank. The CEO begins to distribute part of his authority to the General Manager in order to deal with the problem. The General
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