Consider the following statements
1. In India, the minimum denomination coin acceptable for transaction is 50 paise.
2. Coin below 50 paise is not a legal tender for payment.
Which of the statements given above is/are correct?


A) Only 1

B) Only 2

C) Both 1 and 2

D) Neither 1 nor 2

Correct answer:
C) Both 1 and 2



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