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Question
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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