Consider the following statements -_x000D_ 1. In India the minimum denomination coin acceptable for transaction is 50 paise._x000D_ 2. Coins below 50 paise is not a legal tender for payment._x000D_ Which of the statements given above is/are correct?

• A. 1 only
• B. 2 only
• C. Both 1 and 2
• D. Neither 1 nor 2