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Start learning 50% faster. Sign in nowThe term fiat money or fiat currency is generally associated with a classification of money that has been authorized for use by a country's government. • Statement 1 is Incorrect: Bitcoin is a cryptocurrency. Cryptocurrencies are not legal tender, they have not yet been recognized as a valid form of currency by the Government of India. • Statements 2 and 3 are also Incorrect: Although cheques and demand drafts are often used in banking transactions, they do not fall in the category of fiat money because they can be rejected as the mode of transaction. • Statements 4 and 5 are Correct: Coins and notes are fiat money because the value of the currency notes and coins is derived from the guarantee provided by the Central Government on these items. Every currency note bears on its face a promise from the RBI that if someone produces the note to RBI or any other commercial bank, RBI will be responsible for giving the person purchasing power/value equal to the value printed on the note.
Potential applications of Electrodialysis are:
Options:
1. Desalination of water
2. Purification of water
3. Concentration o...
Which of the following governs the secondary drying process in freeze-drying?
As fruits mature, specific gravity will:
In cooking oils, the antioxidant added to prevent rancidity is:
Vinegar is obtained from molasses with the help of:
Clostridium perfringens poisoning is associated with:
Milk is an example of………..emulsion & Butter is……….emulsion.
Which of the following is a fermentation process?
Which of the following are physical contaminants causing damage to the quality of product?
Which of the following groups of substances are macronutrients?
