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

Negotiable Instruments Act, 1881

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

Drawing, accepting, making or issuing of any promissory note, hundi or

1.	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
Answer» C. Negotiable Instruments Act, 1881

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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

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