Question : The legal tender in India is:
Option 1: US dollar
Option 2: Euro
Option 3: Indian rupee
Option 4: Japanese yen
Correct Answer: Indian rupee
Solution : The correct answer is (c). Indian rupee
The legal tender in India is the Indian rupee (INR). It is the official currency of India and is issued and regulated by the Reserve Bank of India (RBI). While other currencies like the US dollar, Euro, and Japanese yen may be accepted for exchange in certain circumstances, the Indian rupee is the only legal tender currency that is widely used and accepted for transactions within India.