A) As per the order of the GOI
B) As per the orders of the IBA
C) Negotiable Instruments Act
D) Other than those given as options
E) RBI Act
Correct Answer: C
Solution :
Bank Holidays are declared by Central / State Governments / UTs under the Negotiable Instruments (NI) Act, 1881. Bank holidays are notified by the Reserve Bank of India / Indian Bank Association under the NI Act. Not all public holidays are classified as Bank Holidays.
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