Which of the following statement is incorrect?

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Which of the following statement is incorrect?

Options:

A . Reserve Bank requires banks to obtain introduction while opening any type of account to check benami transactions.

B . Bankers have an old practice of obtaining introduction particularly in current accounts so as to be eligible to get protection under section 131 of the Negotiable Instrument Act,1881.

C . Banks obtain introduction while opening an account so as to protect themselves against frauds etc. Because the introduction is liable for the acts of the customer.

D . All of the above

Answer: Option C

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