Q430
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 RBI Act, 1934
AnswerC.
Indian Contract Act, 1872
D.
None of the above
Answer: Option B
Solution
Answer: Option B
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