Moreover, the law legalises the use of rupee as a medium of payment that cannot be refused in settling transactions in India.
Pls explain/give the meaning of this sentence. Class 10
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- इसके अलावा, कानून रुपए के उपयोग को कानूनी भुगतान के माध्यम के रूप में वैध करता है जिसे भारत में लेनदेन को निपटाने से इनकार नहीं किया जा सकता है।
- As per Indian law, no other individual or organisation is allowed to issue currency.
- Moreover, the law legalises the use of rupee as a medium of payment that cannot be refused in settling transaction in India.
- Hence,the rupee is widely accepted as a medium of exchange.
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Answer:
It means that no one in the country can legally refuse to take rupee as a medium of payment.
For example: Suppose you are in an Italian restaurant in India and you don't have Italian currency to pay, then you can pay bill through
rupee. The manager of the restaurant can't refuse to take money legally.
Hope this will be helpful.
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