Banking General Awareness Financial Reforms in Banking Sector Question Bank Financial Reforms in Banking Sector

  • question_answer
    An ECS transaction gets bounced and you are unable to recover your money from your customer. Under which Act criminal action can be initiated?                                                                            [IBPS PO 2012]

    A)  Indian Penal Code

    B)  Negotiable Instruments Act

    C)  Criminal Procedure Code

    D)  Payment and Settlements Act

    E)  Indian Contract Act

    Correct Answer: D


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