Define currency and explain any 3 features of modern Indian currency
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Currency
1. A system of money in general use in a particular country.
2. The fact or quality of being generally accepted or in use.
Three main features of modern Indian currency:
(i) It is used in the form of paper notes and coins.
(ii) The modern currency has no use of its own as it is not made up of any precious metals but is accepted as a medium of exchange because it is authorised by the Government of the country.
(iii) As the law legalises the use of rupee as the medium of payment, it cannot be refused in settling transactions anywhere in India.
____________________________________________________
Hope this will help you
Please mark as brilliant
Here is ur answer !!
____________________________________________________
Currency
1. A system of money in general use in a particular country.
2. The fact or quality of being generally accepted or in use.
Three main features of modern Indian currency:
(i) It is used in the form of paper notes and coins.
(ii) The modern currency has no use of its own as it is not made up of any precious metals but is accepted as a medium of exchange because it is authorised by the Government of the country.
(iii) As the law legalises the use of rupee as the medium of payment, it cannot be refused in settling transactions anywhere in India.
____________________________________________________
Hope this will help you
Please mark as brilliant
vinay140:
hey Rishita
Answered by
18
Answer:
Explanation:The condition that caused frustation among Indian in the half of 19th century were-
1.caste system:The Hindu society was divided into four categories.
2. sati: a system where the widow brunt herself on the prye of her husband.
3. child marriage:girls were marriage off at a young age.
4 .untouchability:it is a practice of ostracising a minority group by segregatingthem from the mainstream by social custom.
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