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The term fiat money or fiat currency is generally associated with a classification of money that has been authorized for use by a country's government. • Statement 1 is Incorrect: Bitcoin is a cryptocurrency. Cryptocurrencies are not legal tender, they have not yet been recognized as a valid form of currency by the Government of India. • Statements 2 and 3 are also Incorrect: Although cheques and demand drafts are often used in banking transactions, they do not fall in the category of fiat money because they can be rejected as the mode of transaction. • Statements 4 and 5 are Correct: Coins and notes are fiat money because the value of the currency notes and coins is derived from the guarantee provided by the Central Government on these items. Every currency note bears on its face a promise from the RBI that if someone produces the note to RBI or any other commercial bank, RBI will be responsible for giving the person purchasing power/value equal to the value printed on the note.
Four fold food production occurred in
Which of the following type of mouth parts present in house fly?
When total product remains constant, the marginal Product will be?
Weed biotype is resistance to two or more herbicide due to presence of single resistance mechanism is referred as:
In which planting system 4 plants are planted in a square in which plant to plant and grow to grow distance is same and plants are planted to right angl...
In Lift Irrigation Project, the total head is ___
A 1.5 ha wheat crop filed was supplied with 6 cm depth of irrigation, compute how many liters of water has gone into the filed.
Which of the following is an Open Sourced Software?
Cotyledon remains in the soil and plumule grows or is pushed upward by the elongation of epicotyl. This type of germination is called____
____is a breeding process where unrelated animals of the same species but different breeds are mated.
