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      Question

      Which Act in India regulates the negotiation and

      transfer of negotiable instruments such as promissory notes, bills of exchange, and cheques?
      A Negotiable Instruments Act, 1881 Correct Answer Incorrect Answer
      B Banking Regulation Act, 1949 Correct Answer Incorrect Answer
      C Companies Act, 2013 Correct Answer Incorrect Answer
      D Prevention of Money Laundering Act, 2002 Correct Answer Incorrect Answer

      Solution

      The Negotiable Instruments Act, 1881 governs the negotiation and transfer of negotiable instruments in India, providing a legal framework for the use of instruments like promissory notes, bills of exchange, and cheques.

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