Assertion (A): Rupees is accepted as medium of exchange in India. Reason (R): The World Bank legalises the use of rupee as a medium of payment in India.

Two statements are given below. They are Assertion (A) and Reason (R).
Read both the statements carefully and choose the correct option.

Assertion (A): Rupees is accepted as medium of exchange in India.
Reason (R): The World Bank legalises the use of rupee as a medium of payment in India.

Options:
(4) Both (A) and (R) are correct and (R) is the correct explanation of (A).
(B) Both (A) and (R) are correct, but (R) is not the correct explanation of (A).
(C) (A) is correct, but (R) is incorrect.
(D) (A) is incorrect, but (R) is correct.

Correct Answer : (C) (A) is correct, but (R) is incorrect.

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