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Which of the following are considered legal tender in India? 1. Bank notes 2. Coins 3. Cheques 4. e-Rupee 5. Bitcoins Se…

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Which of the following are considered legal tender in India?1. Bank notes2. Coins3. Cheques4. e-Rupee5. Bitcoins Select the correct answer using the codes given below:
a1, 2, and 3 only
b1, 2, and 4 only
c2, 3, and 5 only
d1, 3, 4, and 5
✓ Correct answer: b) 1, 2, and 4 only
ExplanationIn India, bank notes, coins, and the e-Rupee (Central Bank Digital Currency - CBDC) are considered legal tender.Cheques are not legal tender as they are a negotiable instrument requiring acceptance.Bitcoins and other cryptocurrencies are not recognized as legal tender in India.Hence the correct answer is option B
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