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

A) Banking Regulation Act, 1949

B) Section 31 [a] of the Reserve Bank of India Act. 1934

C) Negotiable Instruments Act, 1881

D) Indian Contract Act, 1872

E) None of the above