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    Question

    Upto what amount 50 paisa coins are legal

    tender?
    A Rs.1 Correct Answer Incorrect Answer
    B Rs.5 Correct Answer Incorrect Answer
    C Rs.10 Correct Answer Incorrect Answer
    D Rs.100 Correct Answer Incorrect Answer
    E Unlimited Correct Answer Incorrect Answer

    Solution

    Legal tender can be limited or unlimited in character. In India, coins function as limited legal tender. Therefore, 50 paise coins can be offered as legal tender for dues up to ₹10 and smaller coins for dues up to ₹1. Currency notes are unlimited legal tender and can be offered as payment for dues of any size.

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