Which of the following statements are correct?

I. Cheques are paper orders which make it possible to transfer money from one person’s account to another person’s account.

II. No individual or organisation is allowed to issue currency notes in India.

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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.