The Holidays for the Banks are declared as per .

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Reserve Bank Act
B	Banking Regulation Act
C	Negotiable Instruments Act
D	Securities and Exchange Board of India Act

Explanation:

Detailed explanation-1: -A bank holiday in India is a public holiday which is declared specially for banks and other financial institutions. Not all public holidays are classified as bank holidays-bank holidays are declared by Central/State Governments/ Union Territory under the Negotiable Instruments (NI) Act, 1881.

Detailed explanation-2: -Reserve Bank of India-Database. The Negotiable Instruments Act, 1881 (N.I. Act) continues to be the predominant legal base for all cheque-based (instrument-based) payment systems in India. It has been amended time and again to accommodate new requirements and policies.

Detailed explanation-3: -Central Government Act. Section 13 in The Negotiable Instruments Act, 1881. 13. ‘’ Negotiable instrument”.-1[ (1) A “negotiable instrument” means a promissory note, bill of exchange or cheque payable either to order or to bearer.

There is 1 question to complete.