Which one of the following statements correctly describes the meaning of legal tender money ?
[amp_mcq option1=”The money which is tendered in courts of law to defray the fee of legal cases” option2=”The money which a creditor is under compulsion to accept in settlement of his claims” option3=”The bank money in the form of cheques, drafts, bills of exchange, etc.” option4=”The metallic money in circulation in a country” correct=”option2″]
This question was previously asked in
UPSC IAS – 2018