Class 10 Exam > Class 10 Questions > Assertion : The rupee is widely accepted as a...
Start Learning for Free
Assertion : The rupee is widely accepted as a medium of exchange in India.
Reason: It is authorised by the government of the country.
Reason: It is authorised by the government of the country.
- a)Both A and R are true and R is the correct explanation of A
- b)Both A and R are true but R is not the correct explanation of A
- c)A is correct but R is wrong
- d)A is wrong but R is correct.
Correct answer is option 'A'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Assertion : The rupee is widely accepted as a medium of exchange in In...
Option A correct because Indian government providing all the facilities to the citizens of India for to sell the goods of the people or to buy the goods from the people through the currency which is mainly rupee only
Free Test
FREE
| Start Free Test |
Community Answer
Assertion : The rupee is widely accepted as a medium of exchange in In...
Assertion: The rupee is widely accepted as a medium of exchange in India.
Reason: It is authorized by the government of the country.
The correct answer is option 'A' - Both A and R are true and R is the correct explanation of A.
Explanation:
Acceptance of the Rupee:
- The rupee is the official currency of India, and it is widely accepted as a medium of exchange in the country.
- It is the only legal tender for all transactions in India, including the purchase of goods and services, payment of bills, and settlement of debts.
- The acceptance of the rupee is backed by the government's authority, making it a widely recognized and trusted medium of exchange.
Legal Authorization:
- The Indian government has the authority to issue currency and determine its validity within the country.
- The Reserve Bank of India (RBI) is the central bank responsible for the issuance and regulation of the rupee.
- The government authorizes the RBI to print and distribute currency notes and coins, ensuring their authenticity and acceptance.
- The rupee is printed with various security features to prevent counterfeiting and maintain its credibility.
Explanation of the Reason:
- The reason provided in the assertion is correct as it explains why the rupee is widely accepted as a medium of exchange in India.
- The government's authorization of the rupee gives it legal status and ensures its acceptance in various transactions.
- Without the government's backing, the rupee would not hold its value as a medium of exchange, and people would be reluctant to accept it in their daily transactions.
Conclusion:
- The rupee is widely accepted as a medium of exchange in India because it is authorized by the government of the country.
- The government's authorization provides the necessary legal backing and trust for the rupee to be used in various transactions.
- Therefore, both the assertion and the reason are true, and the reason correctly explains the assertion.
Reason: It is authorized by the government of the country.
The correct answer is option 'A' - Both A and R are true and R is the correct explanation of A.
Explanation:
Acceptance of the Rupee:
- The rupee is the official currency of India, and it is widely accepted as a medium of exchange in the country.
- It is the only legal tender for all transactions in India, including the purchase of goods and services, payment of bills, and settlement of debts.
- The acceptance of the rupee is backed by the government's authority, making it a widely recognized and trusted medium of exchange.
Legal Authorization:
- The Indian government has the authority to issue currency and determine its validity within the country.
- The Reserve Bank of India (RBI) is the central bank responsible for the issuance and regulation of the rupee.
- The government authorizes the RBI to print and distribute currency notes and coins, ensuring their authenticity and acceptance.
- The rupee is printed with various security features to prevent counterfeiting and maintain its credibility.
Explanation of the Reason:
- The reason provided in the assertion is correct as it explains why the rupee is widely accepted as a medium of exchange in India.
- The government's authorization of the rupee gives it legal status and ensures its acceptance in various transactions.
- Without the government's backing, the rupee would not hold its value as a medium of exchange, and people would be reluctant to accept it in their daily transactions.
Conclusion:
- The rupee is widely accepted as a medium of exchange in India because it is authorized by the government of the country.
- The government's authorization provides the necessary legal backing and trust for the rupee to be used in various transactions.
- Therefore, both the assertion and the reason are true, and the reason correctly explains the assertion.
Attention Class 10 Students!
To make sure you are not studying endlessly, EduRev has designed Class 10 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 10.
|
Explore Courses for Class 10 exam
|
|
Top Courses for Class 10View all
Assertion : The rupee is widely accepted as a medium of exchange in India.Reason: It is authorised by the government of the country.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true but R is not the correct explanation of Ac)A is correct but R is wrongd)A is wrong but R is correct.Correct answer is option 'A'. Can you explain this answer?
Question Description
Assertion : The rupee is widely accepted as a medium of exchange in India.Reason: It is authorised by the government of the country.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true but R is not the correct explanation of Ac)A is correct but R is wrongd)A is wrong but R is correct.Correct answer is option 'A'. Can you explain this answer? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Assertion : The rupee is widely accepted as a medium of exchange in India.Reason: It is authorised by the government of the country.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true but R is not the correct explanation of Ac)A is correct but R is wrongd)A is wrong but R is correct.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Assertion : The rupee is widely accepted as a medium of exchange in India.Reason: It is authorised by the government of the country.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true but R is not the correct explanation of Ac)A is correct but R is wrongd)A is wrong but R is correct.Correct answer is option 'A'. Can you explain this answer?.
Assertion : The rupee is widely accepted as a medium of exchange in India.Reason: It is authorised by the government of the country.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true but R is not the correct explanation of Ac)A is correct but R is wrongd)A is wrong but R is correct.Correct answer is option 'A'. Can you explain this answer? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Assertion : The rupee is widely accepted as a medium of exchange in India.Reason: It is authorised by the government of the country.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true but R is not the correct explanation of Ac)A is correct but R is wrongd)A is wrong but R is correct.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Assertion : The rupee is widely accepted as a medium of exchange in India.Reason: It is authorised by the government of the country.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true but R is not the correct explanation of Ac)A is correct but R is wrongd)A is wrong but R is correct.Correct answer is option 'A'. Can you explain this answer?.
Solutions for Assertion : The rupee is widely accepted as a medium of exchange in India.Reason: It is authorised by the government of the country.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true but R is not the correct explanation of Ac)A is correct but R is wrongd)A is wrong but R is correct.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 10.
Download more important topics, notes, lectures and mock test series for Class 10 Exam by signing up for free.
Here you can find the meaning of Assertion : The rupee is widely accepted as a medium of exchange in India.Reason: It is authorised by the government of the country.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true but R is not the correct explanation of Ac)A is correct but R is wrongd)A is wrong but R is correct.Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Assertion : The rupee is widely accepted as a medium of exchange in India.Reason: It is authorised by the government of the country.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true but R is not the correct explanation of Ac)A is correct but R is wrongd)A is wrong but R is correct.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Assertion : The rupee is widely accepted as a medium of exchange in India.Reason: It is authorised by the government of the country.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true but R is not the correct explanation of Ac)A is correct but R is wrongd)A is wrong but R is correct.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Assertion : The rupee is widely accepted as a medium of exchange in India.Reason: It is authorised by the government of the country.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true but R is not the correct explanation of Ac)A is correct but R is wrongd)A is wrong but R is correct.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Assertion : The rupee is widely accepted as a medium of exchange in India.Reason: It is authorised by the government of the country.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true but R is not the correct explanation of Ac)A is correct but R is wrongd)A is wrong but R is correct.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice Class 10 tests.
|
|
Explore Courses for Class 10 exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup