Question

when did the Reserve Bank of India implement The Hundi bazar scheme?
a 1952
b 1956
c 1949
d 1961​

Answer 1

Answer:

1949

Explanation:

Answer 2

Answer: 1949

Explanation:

The Reserve Bank of India implement The Hundi bazar scheme in 1949.

In fact, a Hundi is an unrestricted request recorded as a hard copy made by an individual coordinating one more to pay a specific amount of cash to an individual named in the request. Hundis, being a piece of the casual framework have no lawful status and are not covered under the Negotiable Instruments Act, 1881.

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