Drawing, accepting, making or issuing of any promissory note, hundi or bill of exchange expressed to be payable to beare

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Q 1557191984.     Drawing, accepting, making or issuing of any promissory note, hundi or bill of exchange expressed to be payable to bearer on demand by a person other than the Reserve Bank of India or the Central Government is prohibited under........?



A

Banking Regulation Act, 1949

B

Section 31 (1) of the Reserve Bank of India Act, 1934

C

Negotiable Instruments Act, 1881

D

Indian Contract Act, 1872

E

None of the above

HINT


Solution
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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