Question

Q13. Read the information given below and select the correct option:
Avinash went to a stationery shop to buy books and pens. He bought 5 books and 2 pens amounting to Rs.
100 in total. Avinash handed Rs. 100 note to the shopkeeper but the shopkeeper refused to accept the
payment. Avinash told the shopkeeper that he cannot refuse the payment made by him. After reading the
above case, state why one cannot refuse a payment made in rupees in India?
A. The law legalises the use of rupee as a medium of Store of Value.
B. The law legalises the use of rupee as a medium of Credit Arrangements.
C. The law legalises the use of rupee as a medium of Barter Exchange
D. The law legalises the use of rupee as a medium of payment.
Koi

Answer 1

The law legalizes the use of rupee as a medium of Barter Exchange.

Option (c) is correct.

Explanation:

• The Indian currency is rupees and it is used to buy goods.
• If a person buys something then he has to pay the money in the form of rupees to get that service or goods.
• In modern days, money is a medium of Barter Exchange for buying and selling of goods.
• In modern days you can trade with both money and goods.

Answer 2

ok. byee india is a big and best country