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Who else may issue a bill payable to bearer on demand in India?
AAny bank
BAny board
CAny body
DNo one
Answer & Solution
Correct answer: D. No one
1. The Act reserves the power to the Bank.
2. It also allows the Central Government where authorised.
3. No other person in India may do so.
_Source: The Reserve Bank of India Act, 1934 (India Code)_
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