Which of the following statements are true in relation to the Crypto currency? Statement-I: These have achieved significant legislative recognition.…

CA Foundation · Business Economics · PYQS · September 2025
Which of the following statements are true in relation to the Crypto currency? Statement-I: These have achieved significant legislative recognition. Statement-II: These are not legally recognized in India as currency. Statement-III: These are not categorized as money. Statement-IV: In India, it serves as a legitimate form of payment for goods and services in the same way as traditional money does.
(A) A. Statement I and IV
(B) B. Statement I and II
(C) C. Statement I and III
(D) D. Statement II and III

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Statement II and III

Topics: Money Market

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