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Direction: Mark the option which is most suitable:
Assertion : In India, no individual can refuse to accept a payment made in rupees.
Reason : Rupee is the legal tender in India.
  • a)
    If Both assertion and reason are true, and reason is the correct explanation of assertion.
  • b)
    If Both assertion and reason are true, but reason is not the correct explanation of assertion.
  • c)
    If Assertion is true, but reason is false.
  • d)
    If Both assertion and reason are false.
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Direction: Mark the option which is most suitable:Assertion : In Indi...
The law legalizes the use of rupee as a medium of payment that cannot be refused in settling transactions in India.
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Most Upvoted Answer
Direction: Mark the option which is most suitable:Assertion : In Indi...
Assertion: In India, no individual can refuse to accept a payment made in rupees.
Reason: Rupee is the legal tender in India.

The correct option for this assertion and reason is option 'A'. Let's understand why.

Explanation:

1. Legal Tender
In India, the term "legal tender" refers to the currency that is recognized by the government as an acceptable form of payment for goods and services. The Reserve Bank of India (RBI) is responsible for issuing and regulating the currency in India. The Indian rupee (INR) is the official currency of the country and is considered legal tender. This means that the rupee is the only currency that can be used to settle debts and payments within the country.

2. Acceptance of Payment
As per the Indian law, individuals and businesses are legally bound to accept the Indian rupee as a form of payment. This means that no individual can refuse to accept a payment made in rupees. Whether it is a transaction at a store, payment of bills, or any other financial transaction, individuals are obligated to accept payments in rupees.

3. Assertion and Reason
The assertion states that no individual can refuse to accept a payment made in rupees. This is true because the Indian rupee is the legal tender in India, as mentioned in the reason. The reason correctly explains why individuals cannot refuse payments made in rupees. Since the reason supports the assertion and provides a correct explanation, option 'A' is the correct choice.

Conclusion
In conclusion, the assertion and reason in this question are both true. The Indian rupee is the legal tender in India, and individuals are required to accept payments in rupees. The reason provided supports the assertion, making option 'A' the correct answer.
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Direction: Mark the option which is most suitable:Assertion : In India, no individual can refuse to accept a payment made in rupees.Reason : Rupee is the legal tender in India.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'A'. Can you explain this answer?
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Direction: Mark the option which is most suitable:Assertion : In India, no individual can refuse to accept a payment made in rupees.Reason : Rupee is the legal tender in India.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.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 Direction: Mark the option which is most suitable:Assertion : In India, no individual can refuse to accept a payment made in rupees.Reason : Rupee is the legal tender in India.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.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 Direction: Mark the option which is most suitable:Assertion : In India, no individual can refuse to accept a payment made in rupees.Reason : Rupee is the legal tender in India.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'A'. Can you explain this answer?.
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