Multiple choice

The term “Illegal Tender” means

  1. black money

  2. mutilated cheque

  3. dishonoured cheque

  4. none of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Illegal tender refers to counterfeit money or unauthorized currency that cannot be legally used. It is not the same as black money (unaccounted wealth), mutilated cheques (damaged physical cheques), or dishonored cheques (bounced due to insufficient funds).

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