निम्नलिखित में से कौन-सा एक कथन वैध मुद्रा (लीगल टेंडर मनी) के अर्थ को सही वर्णित करता है ?
Read this question in English
Which one of the following statements correctly describes the meaning of legal tender money?
(a) The money which is tendered in courts of law to defray the fee of legal cases · (b) The money which a creditor is under compulsion to accept in settlement of his claims · (c) The bank money in the form of cheques, drafts, bills of exchange, etc. · (d) The metallic money in circulation in a country
उत्तर और व्याख्या · explanation in English
Answer: (b) वह मुद्रा जो कोई ऋणदाता अपने दावों के निपटाने में स्वीकार करने के लिए बाध्य होता है
Legal tender is money that the law says must be accepted in settlement of a debt, so a creditor cannot refuse it. Currency notes and coins issued by the state are legal tender.
- ✓ (b) Notes and coins are legal tender because no citizen can refuse them when settling any transaction. The creditor has to accept them.
- ✗ (c) Cheques and drafts are bank money. Anyone can refuse them as a mode of payment, so demand deposits are not legal tender.
- ✗ (d) Legal tender is defined by the compulsion to accept, not by the metal. Paper currency notes are legal tender too.
- ✗ (a) Nothing in the idea of legal tender concerns paying court fees. It only concerns settling a debt.
Remember · Legal tender = money a creditor cannot refuse (notes and coins). Cheques and other demand deposits are not legal tender.
📘 Read it in NCERT: Class 12 Introductory Macroeconomics, Ch 3 (practise this chapter) · Class 12 Introductory Macroeconomics, Ch 3 (practise this chapter)
Sources
- NCERT Class 12 · Introductory Macroeconomics, Chapter 3 “They are also called legal tenders as they cannot be refused by any citizen of the country for settlement of any kind of transaction.”
- NCERT Class 12 · Introductory Macroeconomics, Chapter 3 “Cheques drawn on savings or current accounts, however, can be refused by anyone as a mode of payment. Hence, demand deposits are not legal tenders.”
Question and answer: UPSC's official GS Paper I (2018, Series A) — paper ↗ · answer key ↗. Explanation: Minimalist IAS, checked 30 Sept 2026 (how we verify). ·