Question

Assertion(A):The currency
notes do not carry as much
value in it as is denominated,
still has general acceptance.
Reason(R): Currency notes are
backed by a legal promise from
the central bank and central
government of the country.
TAT
O
Both A and Rare true and Ris the
correct explanation of A.
O
Both A and Rare true but Ris not
the correct explanation of A.
O A is true but Ris false.
O Ais false but Ris true.​

Answer 1

Answer:

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Explnation:

the indian government does not promise to back the INR with gold . No one country in the world can bacs their money.

Answer 2

The first option is the correct answer.

The correct answer is, Both A and R are true and R is the correct explanation of A.

• The assertion is correct because the currency notes are made up of such stuff that doesn't have that much value and the value which the notes are given is much more than the value of stuff or making procedure.
• But, the currency is backed by the government which completes it. For example, the Indian currency is signed by the governor of India. Currency with no sign is acceptable. So, the Reason becomes the correct explanation of Assertion.

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