question_answer

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             [IBPS 2011]

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